Question: What key issue does Accounting Standards Update ( ASU ) 2 0 2 4 - 0 4 address regarding convertible debe instruments? a . How

What key issue does Accounting Standards Update (ASU)2024-04 address regarding convertible debe instruments?
a. How to account for the settlement of convertible debt when conversion privileges are changed to induce conversion.
b. The elimination of convertible debt instruments from financial reporting.
c. The requiroment to issue equity securitios for all convertible debt settloments.
d. How to simplify the accounting for all convertible debt instruments under a single model.
What key issue does Accounting Standards Update (

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