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Greenspan International issued 5% bonds convertible into shares of the company's common stock. Greenspan prepares its financial statements in accordance with US GAAP. Upon Issuance,

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Greenspan International issued 5% bonds convertible into shares of the company's common stock. Greenspan prepares its financial statements in accordance with US GAAP. Upon Issuance, Greenspan International should record the proceeds of the bond issue entirely as debt the proceeds of the bond issue as part debt and part equity None of the answers listed here are correct. the proceeds of the bond issue entirely as equity

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