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A company issued bonds with par value of $100,000 for $103,000. Which of the following statement is NOT correct? a) Under IFRS, the company should

A company issued bonds with par value of $100,000 for $103,000. Which of the following statement is NOT correct?

a) Under IFRS, the company should record bond payable of $103,000.

b) Under US GAAP, the company should record bond payable of $100,000.

c) Under IFRS, the company should record an equity component of $3,000.

Please explain why.

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