Which of the following correctly describes U.S.GAAP accounting for convertible bonds and the implication of that requirement?
A) separation of debt and equity components;interest expense is overstated.
B) no separation of debt and equity components;interest expense is understated.
C) no separation of debt and equity components;interest expense is overstated.
D) separation of debt and equity components;interest expense is understateD.
Correct Answer:
Verified
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