Business, 24.03.2020 21:40 isabelsmhl

Splish Corporation has outstanding 2,200 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bonds are converted on December 31, 2020, when the unamortized discount is $21,200 and the market price of the stock is $21 per share.
Record the conversion using the book value approach.

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Splish Corporation has outstanding 2,200 $1,000 bonds, each convertible into 50 shares of $10 par va...

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