Conversion of Bonds Payable into Common Stock Will Include A

question 157

Multiple Choice

Conversion of bonds payable into common stock will include a:

• A) debit to bonds payable and a credit to common stock
• B) debit to bonds payable and a credit to paid-in capital in excess of par
• C) debit to cash and a credit to common stock.
• D) debit to cash and a credit to paid-in capital in excess of par.

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