If converting 1500000 bonds into 12 shares of stock with no


If converting $1,500,000 bonds into 12 shares of stock (with no par value) for each $1,000. What would be the value of the stock and what would be the journal entry for the conversion? (assuming book value method is used)

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Financial Accounting: If converting 1500000 bonds into 12 shares of stock with no
Reference No:- TGS01007132

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