I just need answers of these questions.

Question 17 (1 point) Listen Under IFRS, which of the following statements is correct assuming the convertible bonds are converted into common shares? The common shares issued are measured at the fair value of the debt at the time of conversion. Interim interest expense payable from the last payment date is not required to be accrued. The equity component of the bond is included in the value of the common shares issued. There is a gain or loss recognized if the market value of the common shares issued is different from the book value of the equity element related to the bonds. Question 18 (1 point) Listen Megan Merkle Inc. (MMI) issued five-year, $1,000,000 bonds that pay annual interest of 4%. Each $1,000 bond is convertible into 12 common shares and was issued at par. Similar bonds without the conversion feature pay interest of 8%. MI's common shares were trading for $12 per share at the time of issuance. Which of the following is the correct journal entry to record issuance of the bonds, assuming Ml reports under IFRS? $1,000,000 Dr. Cash Cr. Bonds payable Cr. Contributed surplus $850,000 $150,000 $1,000,000 $1,000,000 Dr. Cash Cr. Bonds payable Dr. Cash Cr. Bonds payable Cr. Common shares $1,000,000 $840,292 $159,708 $1,000,000 Dr. Cash Cr. Bonds payable Cr. Contributed surplus $840,292 $159,708 Question 19 (1 point) Listen In 20X7, Lilly Compact Inc. (LCI) issued 1,000 convertible preferred shares. Each share is convertible into one common share. The proceeds received on the issuance of the preferred shares totalled $200,000. In 20X9, these shares were converted to common shares when the fair value of the common shares was $275.00 per share. The preferred shares were selling for $250.00 at this same time. Which of the following is the correct journal entry to record the issuance of these common shares? o $200,000 $75,000 $275,000 $200,000 $200,000 Dr. Preferred shares Dr. Contrib ed surplus Or. Common shares Dr Preferred shares Or Oommon shares Dr. Preferred shares Or. Common shares Dr. Preferred shares Or. Gain on conversion Cr. Common shares $250,000 $250,000 $250,000 $50,000 $200,000