Petrenko Corporation has outstanding 2,000 1,000 bonds, each convertible into 50 shares of 10 par value ordinary shares. The bonds are converted on December 31, 2015. The bonds payable have a carrying value of 1,950,000, and there is conversion equity of 10,000 Determine the value of the premium of common stock (ordinary) at the date of conversion Answer: Arantxa S.A. has outstanding 20,000 shares of $5 par value ordinary shares. On August 1,2019, Arantxa reacquired 200 shares at $80 per share. On November 1, Arantxa sold 100 shares of its treasury stock at $70 per share, the credit side of the entry at November, 1, contains: Select one: a. Income summary $8000. b. Treasury shares $8000. c. Retained earnings (or paid-in capital from treasury stock) $1000. d. Cash $8000 Next page