Which represents a minimal shareholding of ets

Reference no: EM133372872

Question: ETS borrowed $4 million from PIC Investments (PIC) and recorded it as long-term debt on the statement of financial position. PIC can convert the debt into 10,000 ETS common shares at any time, which represents a minimal shareholding of ETS. The debt was issued on January 1, 2022, and bears interest at 6%, payable annually. The debt will mature on Decem

Reference no: EM133372872

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