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Question 5 2 pts Sunbelt Company issued $1,000,000 of 10%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was
Question 5 2 pts Sunbelt Company issued $1,000,000 of 10%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was convertible into 100 shares of no par common stock. The bonds were later converted when the remaining unamortized premium was $10,000. What is the amount that Sunbelt will credit to Common Stock when recording the conversion of the bonds?
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