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On February 6, 2020, E-cigarette maker Juul Labs Inc. raised $700 million in convertible bonds to fund its operations, as trades with regulatory and legal

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On February 6, 2020, E-cigarette maker Juul Labs Inc. raised $700 million in convertible bonds to fund its operations, as trades with regulatory and legal challenges. How does the convertible debt issuance affect Juol's financial statement? Ignore debt issuance costs. Increase assets, Increase abilities, increase equity Increase assets, no effect on abilities, increase equity Decrease assets decreasesbites, no effect on equity Increase assets, Increase tables, no effect on equity

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