Question: Under the most common accounting method in practice, when convertible bonds are converted into shares O the book value of the bonds and the

Under the most common accounting method in practice, when convertible bonds are converted into shares O the book value of the bonds and the related contributed surplus account are transferred to common shares. a gain or loss should be recognized. the face value of the bonds is recorded as common shares. the market value of the bonds is recorded as common shares.

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