On July 1, 2012, an Interest Payment Date, $60,000 of Parks

question 22

Multiple Choice

On July 1, 2012, an interest payment date, $60,000 of Parks Co.bonds were converted into 1,200 ordinary shares of Parks Co.each having a par value of $45 and a fair value of $54.There is $2,400 unamortized discount on the bonds.Parks would record

• A)no change in share premium.
• B)a $3,600 increase in share premium.
• C)a $7,200 increase in share premium.
• D)a $4,800 increase in share premium.

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Definitions:

Cohesive Group

A group in which members bond tightly with one another and remain motivated to stay part of the group due to shared goals or values.

Employee Resistance

Opposition or pushback by employees toward changes or policies introduced in the workplace, often rooted in fear of the unknown or perceived negative impacts.

Win-Win Attitude

An approach or mindset focused on finding solutions or agreements beneficial to all parties involved in a negotiation or conflict.

Conflict Resolution Technique

encompasses the various methods employed to address, manage, and resolve disputes or disagreements between parties.