Multiple Choice
Convertible notes are:
A) essentially the same as debentures and need to be recorded as liabilities.
B) a form of asset.
C) are often referred to as hybrid securities and should be recorded as equity as they will eventually be converted into shares.
D) part debt and part equity and should be disclosed as such according to AAB 132.
Correct Answer:
Verified
Correct Answer:
Verified
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