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April 1, 2010 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2011, $600,000 of these bonds were converted into 500 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion.
What should be the amount of the unamortized bond discount on April 1, 2011 relating to the bonds converted?
Paper#9209478 | Written in 27-Jul-2016Price : $22