On July 1, 2021, an interest payment date, $148000 of Bramble Corp. bonds were converted into 2930 shares of Bramble Corp. common stock each having a par value of $45 and a market value of $52. There is $6900 unamortized discount on the bonds. Using the book value method, Bramble would record
On July 1, 2021, an interest payment date, $148000 of Bramble Corp. bonds were converted into 2930 shares of Bramble Corp. common stock each having a par value of $45 and a market value of $52. There is $6900 unamortized discount on the bonds. Using the book value method, Bramble would record
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 1MC
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On July 1, 2021, an interest payment date, $148000 of Bramble Corp. bonds were converted into 2930 shares of Bramble Corp. common stock each having a par value of $45 and a market value of $52. There is $6900 unamortized discount on the bonds. Using the book value method, Bramble would record
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