Cash acquisition price and carrying amount of debt

Assignment Help Accounting Basics

Reference no: EM13152941

When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be

A. treated as an adjustment of additional paid-in capital.

B. treated as a prior period adjustment.

C. reflected currently in income as an extraordinary item.

D. reflected currently in income, but NOT as an extraordinary item.

Reference no: EM13152941

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