Convertible debentures and detachable warrants


How and when should Need Cash account for the exchange of common shares for the private placement debt? What value should be assigned to the common shares issued? How should Need Cash record the issuance of the convertible debentures and detachable warrants?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Convertible debentures and detachable warrants
Reference No:- TGS077208

Expected delivery within 24 Hours