On March 1, 2021, Doll Co. issued 10-year convertible bonds at 106. During 2024, the bonds were converted into common stock when the market price of Doll's common stock was 500 percent above its par value. Doll prepares its financial statements according to International Financial Reporting Standards (IFRS). On March 1, 2021, cash proceeds from the issuance of the convertible bonds should be reported as______?
On March 1, 2021, Doll Co. issued 10-year convertible bonds at 106. During 2024, the bonds were converted into common stock when the market price of Doll's common stock was 500 percent above its par value. Doll prepares its financial statements according to International Financial Reporting Standards (IFRS). On March 1, 2021, cash proceeds from the issuance of the convertible bonds should be reported as______?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On March 1, 2021, Doll Co. issued 10-year convertible bonds at 106. During 2024, the bonds were converted into common stock when the market price of Doll's common stock was 500 percent above its par value. Doll prepares its financial statements according to International Financial Reporting Standards (IFRS). On March 1, 2021, cash proceeds from the issuance of the convertible bonds should be reported as______?
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