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Asc 470-20 generally applies to instruments that, upon conversion,:

  1. The issuer of the convertible debt instrument may satisfy the entire instrument in either cash or stock, at its option;
  2. The issuer is required to settle the par or accreted value of the convertible debt instrument in cash and the conversion spread in either cash or stock; or
  3.  The issuer of the convertible debt instrument may satisfy the entire instrument in any combination of cash or stock, at its option.

 

 

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