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On june 30, 2014, an interest payment date, $1,000,000 of greenville co. bonds were converted into 25,000 shares of greenville co. common stock each having a par value of $5 and a market value of$54. there is $350,000 unamortized discount on the bonds. using the book value method, greenville would record how much of an increase in paid in capital in excess of par? bond payable 1,000,000discount 350,000common 125,000apicc 525,000
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On june 30, 2014, an interest payment date, $1,000,000 of greenville co. bonds were converted into 2...
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