Under IFRS converticble preferesd shares are convelted to

a$)$ the par value of the preferred is recorded in Common Shares. Common shares

b$)$ the market value of the preferred is recorded in Common Shares.

c$)$ a gain or loss is recognized.

d$)$ the par value of the preferred shares and any additional paid$-$in capital is transferred to Common Shares

and Additional Paid$-$in Capital.

Under IFRS converticble preferesd shares are convelted to

a$)$ the par value of the preferred is recorded in Common Shares. Common shares

b$)$ the market value of the preferred is recorded in Common Shares.

c$)$ a gain or loss is recognized.

d$)$ the par value of the preferred shares and any additional paid$-$in capital is transferred to Common Shares

and Additional Paid$-$in Capital.