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On July 1, 2020,WhisperingLtd., which follows ASPE,issued1,000convertible, five-year, $1,000 bonds. Each bond is convertible into20common shares at the bondholder's option. On the date of issuance,
On July 1, 2020,WhisperingLtd., which follows ASPE,issued1,000convertible, five-year, $1,000 bonds. Each bond is convertible into20common shares at the bondholder's option. On the date of issuance, the bond's conversion rights were valued at $51,000.
On July 1, 2023, the bonds had a carrying value onWhispering's books of $972,000, and the fair market value of the bonds without the convertible option was $980,000.
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