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Remaining Time: 45 minutes, 34 seconds. Question Completion Status: QUESTION 27 Rehab Group (RG) issues 2.000 convertible bonds at the beginning of 2019. The bonds
Remaining Time: 45 minutes, 34 seconds. Question Completion Status: QUESTION 27 Rehab Group (RG) issues 2.000 convertible bonds at the beginning of 2019. The bonds have a four-year term with a stated rate of interest of 6 percent and are issued at par with a face value of 1,000 per bond. Interest is payable annually at December 31. Each bond is convertible into 250 ordinary shares with a par value of 1. The market rate of Interest on similar non-convertible debt is 9 percent. Instructions (a) Compute the liability and equity component of the convertible bond on January 1, 2019. (b) Prepare the journal entry to record the issuance of the convertible bond on January 1, 2019. (0) Prepare the journal entry to record the conversion of bonds at maturity. Arial TTTT Paragraph * DOO 3 (12pt) JE - T- Mashups - CG BT HTML CSS Pathop Words:0 Clicks and Submit to save and submit. Click Save All Answers to save all answers
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