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Business, 05.05.2020 07:01 powerprefection4114

Vaughn Manufacturing issued at a premium of $11200 a $196000 bond issue convertible into 3900 shares of common stock (par value $20). At the time of the conversion, the unamortized premium is $4400, the market value of the bonds is $216000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds

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Vaughn Manufacturing issued at a premium of $11200 a $196000 bond issue convertible into 3900 shares...
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