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Business, 03.12.2021 20:10 malum2009

On July 1, 2021, an interest payment date, $150000 of Parks Co. bonds were converted into 3000 shares of Parks Co. common stock each having a par value of $45 and a market value of $54. There is $6000 unamortized discount on the bonds. Using the book value method, Parks would record

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