Question: conversion bond View 1 : Issuers should account for an instrument with both liability and equity characteristics entirely as a liability or entirely as an

conversion bond View

1

: Issuers should account for an instrument with both liability and equity characteristics entirely as a liability or entirely as an equity instrument depending on which characteristic governs.

View

2

: Issuers should account for an instrument as consisting of a liability component and an equity component that should be accounted for separately.

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