Computing the total bond proceeds, Accounting Basics

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Computing the total bond proceeds

Q. In May 2011, French real estate company issued convertible bonds with a total face value of 480 million. Each 1,000 bond included a conversion option whose fair value was estimated at 13. The average proceeds per 1,000 bond was 1,028.

a. Compute the total bond proceeds.

b. Whtat portion of the bond proceeds is accounted for as debt under IFRS?

c. Had the company reported under U.S. GAAP what amount of the bond proceeds would be accounted for as debt?

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Accounting Basics: Computing the total bond proceeds

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Accounting Basics: Computing the total bond proceeds

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Computing the total bond proceeds

Reference No:- TGS0511982

Recent Questions Asked Accounting Basics

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Q : What is the target markets for the brand

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