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What are the corresponding journal entries under ifrs

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Reference no: EM132833213

Question - EJA issued $500,000 in 8%, 10-year convertible bonds on January 1, 2020, for $500,000 cash. Each $1,000 bond includes the right to purchase 1 share for $750 during the life of the bond. The current market rate for similar nonconvertible bonds is 9%. The fair value of the option using an option pricing model is $49,760.

Required -

What are the corresponding journal entries under IFRS?

What are the entries under ASPE? Distinguish the difference.

Reference no: EM132833213

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