Under IFRS the Proceeds from the Issuance of Convertible Debt

question 66

Multiple Choice

Under IFRS the proceeds from the issuance of convertible debt are reported as

• A) debt only.
• B) equity only.
• C) debt or equity depending on the circumstances.
• D) both debt and equity.

---

Definitions:

Oceanic Crust

The part of Earth's crust that constitutes the ocean basins, thinner and denser than continental crust.

Values-Based Ethics

An approach to ethics that prioritizes values such as integrity and trustworthiness over rules and regulations in guiding moral behavior.

Compliance-Based

An approach or policy focusing on meeting the standards and regulations set by authoritative bodies or laws to ensure ethical and legal conduct.

Consistent Enforcement

The uniform application of laws or rules to ensure fairness and justice within a system or organization.