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On November 2020 ,Al Shifah Hospital has OMR 100,000 of convertible bonds outstanding along with an unamortized discount of OMR 6,000. The company decided to
On November 2020 ,Al Shifah Hospital has OMR 100,000 of convertible bonds outstanding along with an unamortized discount of OMR 6,000. The company decided to convert the bonds at the rate of 40 shares of OMR 20 par value common stock for each bond held. Calculate conversion factor and Record the journal entry upon conversion
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