If Sixty $1,000 Convertible Bonds with a Carrying Value of $70,000

question 202

Multiple Choice

If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock, the journal entry to record the conversion is

• A) Bonds Payable 70,000 Common Stock 70,000
• B) Bonds Payable 60,000 Premium on Bonds Payable 10,000
• Common Stock 70,000
• C) Bonds Payable 60,000 Premium on Bonds Payable 10,000
• Common Stock 45,000
• Paid-in Capital in Excess of Par 25,000
• D) Bonds Payable 70,000 Discount on Bonds Payable 10,000
• Common Stock 45,000
• Paid-in Capital in Excess of Par 15,000

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Definitions:

Amygdala Activity

Refers to the function or actions within the amygdala, a brain structure involved in processing emotions such as fear, anxiety, and aggression.

Genetic Influences

Factors that contribute to the variations in characteristics and traits among individuals, passed down from parents to offspring through genes.

Body Weights

The mass or quantity of weight of an organism's body, often measured to assess health and nutritional status.

Biological Parents

The individuals from whom a person has inherited their genetic material; also known as birth parents.