Exclusive distribution, fully integrated vertical marketing systems, and franchising are used by manufacturers to increase their channel control

Which of the following types of law addresses federal and state government agencies and their role in carrying out their delegated authority?

A) Corporate law B) Administrative law C) Criminal law D) Consumer rights

On July 1, 2010, an interest payment date, $60,000 of Parks Co. bonds were converted into 1,200 shares of Parks Co. common stock each having a par value of $45 and a market value of $54. There is $2,400 unamortized discount on the bonds. Using the book value method, Parks would record

a. no change in paid-in capital in excess of par. b. a $3,600 increase in paid-in capital in excess of par. c. a $7,200 increase in paid-in capital in excess of par. d. a $4,800 increase in paid-in capital in excess of par.