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XYZ Inc issued 487 convertible bonds - each at a price of 102.67% of the $1,000 face value. At issuance, similar bonds without the conversion
XYZ Inc issued 487 convertible bonds - each at a price of 102.67% of the $1,000 face value. At issuance, similar bonds without the conversion option had a price of 96.70% of the $1,000 face value. The convertible bonds have just been converted. The carrying value of the bonds on the conversion date is $476,370, and the company has paid $13,630 to the bondholders to induce early conversion. Using the book value method and IFRS, how much will the company's
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