On Jan 01, 2020, ACME Incorporated issued $10 million of 6% convertible bonds at 100, which are due on December 31, 2029. The bonds pay interest annually on December 31. Each $1,000 bond can be converted to 20 common shares at the discretion of the bondholder at any interest payment date. Similar bonds without the conversion feature are trading in

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Intermediate Accounting IFRS

3rd edition

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

ISBN: 978-1119372936