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On January 2, 2019, when the bonds had an unamortized premium of $28,000 and the market value of the Mathers common stock was $10 per
On January 2, 2019, when the bonds had an unamortized premium of $28,000 and the market value of the Mathers common stock was $10 per share, all of the bonds were converted into common stock. Mathers uses the straight-line method to amortize premiums and discounts. Record the conversion on January 2, 2019 using the book value method Record the conversion on January 2, 2019 using the market value method
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