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When convertible debt is retired by the issuer

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Question

When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be;A. treated as an adjustment of additional paid-in capital.;B. treated as a prior period adjustment.;C. reflected currently in income as an extraordinary item.;D. reflected currently in income, but NOT as an extraordinary item.

 

Paper#27082 | Written in 18-Jul-2015

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