Using the market value method what is the gain on
Bonds with a face amount of $10,000 and a carrying amount of $10,500 are converted into 100 shares of $50 par common stock with $89 fair value.
Using the market value method, what is the gain on conversion?
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bonds with a face amount of 10000 and a carrying amount of 10500 are converted into 100 shares of 50 par common stock
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