On January 1,$300,000 of Par Value Bonds with a Carrying

question 169

Multiple Choice

On January 1,$300,000 of par value bonds with a carrying value of $310,000 is converted to 50,000 shares of $5 par value common stock.The entry to record the conversion of the bonds includes all of the following entries except:

• A)Debit to Bonds Payable $310,000.
• B)Debit to Premium on Bonds Payable $10,000.
• C)Credit to Common Stock $250,000.
• D)Credit to Paid-In Capital in Excess of Par Value,Common Stock $60,000.
• E)Debit to Bonds Payable $300,000.

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Definitions:

Flextime

A flexible work arrangement allowing employees to choose their working hours within agreed limits.

Working Hours

The period of time during which a person is obligated to perform work or duties.

Flexible Working Hours

A work arrangement that allows employees to choose and alter their work schedules to better fit personal needs, enhancing work-life balance.

Psychological Empowerment

refers to an individual's perception of their capability to control their own work and its impact on their self-esteem and effectiveness.