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What is Accounting for Convertible Debt about?

1. Convertible debt is accounted for as a compound instrument using the with-and-without method to value the liability and equity components. 2. At issuance, the proceeds are first allocated to the liability component and the residual is allocated to the equity component. 3. At settlement, if bonds are converted the amounts in equity accounts are transferred to share capital and premium accounts, and if bonds are repurchased the difference between consideration and carrying amount is recognized as gain or

Author

Erna hk

Language

EN