Question
13-) When convertibles bonds are exchanged f or common stock , which of the following is true? Select all that apply. a-) the debt to
13-) When convertibles bonds are exchanged for common stock , which of the following is true? Select all that apply.
a-) the debt to equity ratio will go down TRUE
b-) interest expense will decrease TRUE
c-) The times-interest earned ratio will go up TRUE
d-) The bonds will not have to be repaid at the maturity date TRUE
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The Classification And Coding Of Accounting Information
Authors: R. Fox
2nd Edition
0948036885, 978-0948036880
