a. Answer the following true-false statements: 1. IFRS requires that convertible debt be separated into it liability and equity components for accounting purposes. 2. Companies recognize a gain or loss on the conversion of converible debt before maturity. 3. When an issuer offers some form of additional consideration (a sweetener) to encouraye of is convertible debt, it reports the sweetener as a current period expense. 4. The issuer of convertible preference shares uses the fair value method to record the conversion of the shares. 5. Companies recognize a gain or loss when shareholders exereise convertible preference shares. b. Answer all the following multiple choice questions