A Company Has $450,000 in Bonds Payable with an Unamortized

question 116

Multiple Choice

A company has $450,000 in bonds payable with an unamortized discount of $10,500.If two-thirds of the bonds are converted to common stock,the carrying value of the bonds payable will decrease by

• A)$146,500.
• B)$293,000.
• C)$307,000.
• D)$314,000.

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