When convertible debt is retired by the issuer any material, Ask an Expert

Accounting

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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9443081

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