Bridgewater Corp. offered holders of its 1,000 convertible bonds a premium of 160 per bond to induce

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Bridgewater Corp. offered holders of its 1,000 convertible bonds a premium of €160 per bond to induce conversion into ordinary shares. Upon conversion of all the bonds, Bridgewater Corp. recorded the €160,000 premium as a reduction of Share Premium—Ordinary. Comment on Bridgewater’s treatment of the €160,000 “sweetener.”

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Intermediate Accounting

ISBN: 978-0470616314

IFRS edition volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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