Convertible Debt at Time of Issuance
Convertible Debt at Time of Issuance. E16-1 (part 1) Cash 9,900,000 Bond discount 100,000 Bonds payable 10,000,000 Bond issue costs 70,000 Cash 70,000. Time of “Normal” Conversion. Text (p. 797) Carrying amount of bonds (book value): Bonds payable 1,000
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