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What amount should be recorded

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Question - RockStar Co. issued a $150,000 bond convertible into 5000 shares of $20 par value common stock. At the time of the conversion, the market value of the bond is $165000, and the market value of the stock is $40 per share. If the bond is cenverted into common stock, what amount should be recorded as additional paid-in capital in excess of par?

Reference no: EM133069550

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