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Recording the issuance of the bonds

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Question - Harrell's Barrels Issued $100 million of 6% convertible bonds at 101. Each $1,000 bond is convertible into 45 shares of Harrell's no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 93. Harrell applies International Financial Reporting Standards. Recording the issuance of the bonds would cause an increase in Harrell's?

Reference no: EM133127355

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