When bonds are converted to common stock,which of the following could be part of the entry?
A)Debit to Loss on Conversion of Bonds
B)Debit to Unamortized Bond Premium
C)Debit to Unamortized Bond Discount
D)Debit to Common Stock

Question

Quizplus · Accepted Answer

When bonds are converted to common stock, any unamortized bond premium is debited to remove it from the books as part of the conversion process.

When Bonds Are Converted to Common Stock,which of the Following