In the past, a number of organisations have disclosed convertible bonds just below the total of shareholders

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In the past, a number of organisations have disclosed convertible bonds just below the total of shareholders’ equity and therefore have not really disclosed them as debt or equity.

a. Is the approach described above permitted under AASB 132?

b. Would it have been costly for companies to change how they disclose their convertible bonds? Explain your answer.

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 05, 2023 02:58 PM

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In the past, a number of organisations have disclosed convertible bonds just below the total of shareholders

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a Convertible bonds would be classified as compound financial instruments as they would typically co...View the full answer

Financial Accounting

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