When bonds are converted to stock,any excess carrying value of the bonds over the par value of the stock is to be recorded as Capital Stock.

Name: When bonds are converted to stock,any excess carrying value of the bonds over the par value of the stock is to be recorded as Capital Stock.
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When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is recorded as Additional Paid-In Capital, not Capital Stock.

When Bonds Are Converted to Stock,any Excess Carrying Value of the Bonds