On july 1, 2021, an interest payment date, $153000 of oriole company bonds were converted into 3070 shares of oriole company common stock each having a par value of $45 and a market value of $54. there is a $5900 unamortized discount on the bonds. using the book value method, oriole would record:

$17,900

Explanation:

= ($153,000-$5,900-(3070*45))*2

= ($153,000 - $5,900 - $138,150)*2

= ($8,950)*2

= $17,900 -  increase in paid-in capital in excess of par

NB - When a company issues bonds, it incurs a long-term liability on which periodic interest payments must be made, usually twice a year.

you can lose ranking 2 ways.

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2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

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a is the correct answer, tell me if im right