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7 June, 14:36

On July 1, 2021, an interest payment date, $148000 of Coronado Industries bonds were converted into 2980 shares of Coronado Industries common stock each having a par value of $45 and a market value of $56. There is $5000 unamortized discount on the bonds. Using the book value method, Coronado would record

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  1. 7 June, 14:57
    0
    Value = bond value - conversions value - unamortized discount

    = 148000 - (2980*45) - 5000

    =$8,900
  2. 7 June, 14:59
    0
    Value = Value of Bonds - Conversion Value - Unamortized Discount

    148,000 - (2980 x 45) - 5000

    $8900
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Home » Business » On July 1, 2021, an interest payment date, $148000 of Coronado Industries bonds were converted into 2980 shares of Coronado Industries common stock each having a par value of $45 and a market value of $56.
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