問題詳情

(c)Assume that Burberry repurchases the convertible bonds on December 31, 2013 for a cash $55,000. The fair value of the liability component of the bonds is determined to be $54,000. Prepare the journal entry to record the repurchase on December 31, 2013. Assume that the accrual of interest related to 2013 has been recorded. (5%)

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