Start learning →

Convertible issue Rs 500 lakh; debt part Rs 430 lakh. Equity part?

ARs 70 lakh
BRs 430 lakh
CRs 500 lakh
DRs 930 lakh
Answer & Solution
Correct answer: A. Rs 70 lakh
Equity equals total fair value less the liability component: 500 minus 430 gives Rs 70 lakh.
Practise this question with Quill — CA Final →

Keep practising Ind AS 32 Financial Instruments: Presentation

Browse all Ind AS 32 Financial Instruments: Presentation questions for CA Final, or explore more Financialreporting topics.

Start a Ind AS 32 Financial Instruments: Presentation lesson →
Related questions
Pro rata rights at a fixed price in any currency are?Which are 'entities' under Ind AS 32?Must a financial instrument contract be written?On reclassifying equity to liability, difference goes to?Puttable equity must sit in which class?Puttable equity must entitle holders to?A master netting arrangement provides?Is a sinking fund offset against the debentures?