Roy Rogers Corporation has 1,000 shares of $50 par 6% convertible preferred stock outstanding at...
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Accounting
Roy Rogers Corporation has shares of $ par convertible preferred stock outstanding at December Each share was issued in a prior year at $ The preferred stock is convertible into $ par common stock.
Instructions
a Record the conversion of shares of preferred stock if one share of preferred is convertible into four shares of common.
b Record the conversion of shares of preferred if the conversion ratio is :
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