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On October 1, 2020, Letterman Ltd. issued a 20-year, $5,000,000 convertible bond at par value, convertible to 20,000 common shares. Interest is payable semi-annually at
On October 1, 2020, Letterman Ltd. issued a 20-year, $5,000,000 convertible bond at par value, convertible to 20,000 common shares. Interest is payable semi-annually at 5%. Letterman reports using IFRS. How should Letterman account for the bond at initial recognition?
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