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I do understand the A/c treatment for convertible debt when its issued.
How would we account for convertible debt purchased.(with little reasoning).
1-
Choice of Settlement with ISSUER/Purchasing entity:F.L/F.A unless all other alternative options results in it being Equity
So choice of settlement does’not require entity to split into equity and debt.
2-Convertible Debt :
as An Asset-Should be Booked an Asset at Fair Value P/L (as amortized cost tests it doesn’t passes) ?
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