Petrenko SA has outstanding 2,000 1,000 bonds, each convertible into 50 shares of 10 par value ordinary
Question:
Petrenko SA has outstanding 2,000 €1,000 bonds, each convertible into 50 shares of €10 par value ordinary shares. The bonds are converted on December 31, 2022. The bonds payable have a carrying value of €1,950,000, and there is conversion equity of €20,000. Record the conversion using the book value method.
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The journal entry for Petrenko SA to record the conversion of the bonds using the b...View the full answer
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Related Book For 
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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