Business, 01.03.2021 20:30, grayjasmine46
On January 1, 2018, Madison Company issued $100,000 of 6%, 5-year convertible bonds at a net price of $105,000. Madison recently issued similar, but nonconvertible, bonds at 101. The bonds pay interest on June 30 and December 31. The company uses IFRS and the straight-line method for amortization. On January 1, 2019, all bonds were converted to Madison's no par common stock. What amount of convertible bonds payable should the company remove at the date of conversion
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On January 1, 2018, Madison Company issued $100,000 of 6%, 5-year convertible bonds at a net price o...
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