Convertible bonds when the market rate of interest

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Reference no: EM13907034

On January 1 2015 Acme company issued 100 ($1000 par) 6 % semi-annual 9 year convertible bonds when the market rate of interest was 8 %

A) make the journal entry on 1/1/15 when acme issued the bonds

B) make the journal entry ACME makes on 6/30 when it makes its first interest payment (amce uses effective interest method)

Reference no: EM13907034

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