Question: Depending on whether the book value method or the market value method was used ( assuming market value of the stock exceeds the book value

Depending on whether the book value method or the market value method was used (assuming market value of the stock exceeds the book value of the bonds), how would Chard recognize gains or losses on conversion when using either of these methods? PA. Book value method - Either Gain or loss; Market value method GainB. Book value method - Either gain or loss; Market value method - LossC. Book value method Neither gain nor loss; Market value method - LossD. Book value method-Neither gain nor loss; Market value method - Gain

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