Question
On January 1 2011 the $1,000,000 par value bonds of Gruden Company with a carrying value of $1,000,000 are converted to 500,000 shares of $0.50
On January 1 2011 the $1,000,000 par value bonds of Gruden Company with a carrying value of $1,000,000 are converted to 500,000 shares of $0.50 par value common stock. Record the entry for the conversion of the bonds.
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Top Accounting And Auditing Issues For 2023
Authors: CCH Tax Law Editors
1st Edition
0808059335, 978-0808059332
