Assertion: convertible bond's value | /r/HasProperty | recognized expense
Facets:
value: in the statement of income
type: OTHER
Source sentences:
text: Accounting for Convertibles refers to the accounting of the debt instrument that entitles or provide rights to the holder to convert its holding into a specified number of issuing company’s shares where the difference between the fair value of total securities along with other consideration that is transferred and the fair value of the securities issued is recognized an expense in the statement of income.