Company A issued convertible notes 3 years ago and accounted for them as a compound financial instrument. Complete the following: At the end of the three year period the portion of the (1) _______component that relates to the notes which have been converted (2)______- .
$\quad$( 1 )$\quad$$\quad$ $\quad$ ( 2 )
a.$\quad$equity $\quad$ is transferred to profit & loss
b. $\quad$ liability $\quad$ remains as a liability
c. $\quad$ liability $\quad$ is transferred to equity
d. $\quad$liability $\quad$ is transferred to profit \& loss

Question

Company A issued convertible notes 3 years ago and accounted for them as a compound financial instrument. Complete the following: At the end of the three year period the portion of the (1) _______component that relates to the notes which have been converted (2)______- .
$\quad$( 1 )$\quad$$\quad$ $\quad$ ( 2 ) 
a.$\quad$equity $\quad$ is transferred to profit & loss 
b. $\quad$ liability $\quad$ remains as a liability
c. $\quad$ liability $\quad$ is transferred to equity
d. $\quad$liability $\quad$ is transferred to profit \& loss

Quizplus · Accepted Answer

The Answer of Company A issued convertible notes 3 years ago and accounted for them as a compound financial instrument. Complete the following: At the end of the three year period the portion of the (1) _______component that relates to the notes which have been converted (2)______- .
$\quad$( 1 )$\quad$$\quad$ $\quad$ ( 2 ) 
a.$\quad$equity $\quad$ is transferred to profit & loss 
b. $\quad$ liability $\quad$ remains as a liability
c. $\quad$ liability $\quad$ is transferred to equity
d. $\quad$liability $\quad$ is transferred to profit \& loss

Company a Issued Convertible Notes 3 Years Ago and Accounted \quad

Company a Issued Convertible Notes 3 Years Ago and Accounted $\quad$