Under US GAAP, what will be recorded in Shareholders Equity as a result of the convertible bond

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Under US GAAP, what will be recorded in Shareholders’ Equity as a result of the convertible bond issuance?

Cr. Common Stock $4.5 million.

Cr. Common Stock $84.5 million.

Dr. Common Stock $80.0 million.

No change in Shareholders’ Equity.

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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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Posted Date: Mar 12, 2022 04:35 PM

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Under US GAAP, what will be recorded in Shareholders Equity as a result of the convertible bond

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The correct answer is option D which is No change in Shareholders Equity ... View the full answer

Intermediate Accounting

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