ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 371

b. addition to capital stock.

c. current liability.

d. contra current asset.
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ACC 304 Week 10 Chapter 16 Homework
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1)
Archer Inc. issued $4,461,300 par value, 7% convertible
bonds at 99 for cash. If the bonds had not included the
conversion feature, they would have sold for 95.