Question: There are two ways, conceptually, that can be used to account for convertible debt. However, only one of them is acceptable under GAAP. Required: Identify

There are two ways, conceptually, that can be used to account for convertible debt. However, only one of them is acceptable under GAAP.
Required:
Identify the two methods that could be used to record convertible debt and indicate which one is acceptable under GAAP.

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