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Redwood Co . , a fast - growing outdoors equipment startup, uses IFRS. To raise capital, it is considering the issuance of convertible bonds. It

Redwood Co., a fast-growing outdoors equipment startup, uses IFRS. To raise
capital, it is considering the issuance of convertible bonds. It is also
contemplating the establishment of share-based compensation plans to pay and
motivate its key employees.
Regarding the accounting for dilutive securities and share-based compensation
plans, answer the following questions:
Explain how convertible bonds should be reported in the company's
statement of financial position at the date of issuance.
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