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On July 1, 2020, SB, Inc. converted ($ 120,000 par value bonds for 1,000 common shares of Empresas Madagascar. Madagascar shares have par value of
On July 1, 2020, SB, Inc. converted ($ 120,000 par value bonds for 1,000 common shares of Empresas Madagascar. Madagascar shares have par value of $ 50 each. Prior to the trade, the bond discount account payable reflected an unamortized balance of $ 5,000 on the books of Empresas Madagascar. Empresas Madagascar will have to acknowledge
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Integrated Reporting
Authors: Chiara Mio
1st Edition
1137551488, 9781137551481
