A company has $1,606,000 in bonds payable with an unamortized premium of $40,000.If one-fourth of the bonds are converted to common stock,the carrying value of the bonds will decrease by
A)$401,500.
B)$441,500.
C)$391,500.
D)$411,500.

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The Answer of A company has $1,606,000 in bonds payable with an unamortized premium of $40,000.If one-fourth of the bonds are converted to common stock,the carrying value of the bonds will decrease by
A)$401,500.
B)$441,500.
C)$391,500.
D)$411,500.

A Company Has $1,606,000 in Bonds Payable with an Unamortized