On March 1, 2021, an interest payment date, $150,000 of Sterling Co. bonds were converted into 3,000 shares of Sterling Co. common stock each having a par value of $30 and a market value of $50. There is $5,000 unamortized discount on the bonds. Using the book value method, the increase in additional paid in capital would be?
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On March 1, 2021, an interest payment date, $150,000 of Sterling Co. bonds were converted into 3,000...
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