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Entity A issues convertible bonds with face amount of P2,000,000 for P2,600,000. Each P1,000 bond is convertible into 10 shares with par value of
Entity A issues convertible bonds with face amount of P2,000,000 for P2,600,000. Each P1,000 bond is convertible into 10 shares with par value of P60 per share. On issuance date, the bonds are selling at 102 without the conversion option. What is the value allocated to the equity component on initial recognition?
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The value allocated to the equity component on initial recognition is 600000 The convertible bonds a...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
