accounting problem

Project Description:

which one of the following items would be classified wholly or in part as an equity instrument?

a.    redeemable preference shares
b.    7% loan stock
c.    10% convertible loan stock
d.    trade payables



500,000 $1 6% redeemable preference shares are issued on 1 january 20x8 and will be redeemed at a premium. issue costs are $50,000. the effective interest rate is 8.5%. at what amount will the shares be carried in the statement of financial position on 31 december 20x9?
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Price Type: Negotiable

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