Question

How should bonds/debentures be presented in the financial statements?

a.

In ascending order of maturity date.

b.

In alphabetical order of the bondholders.

c.

In descending order of maturity or conversion date, starting from the farthest redemption or conversion date.

d.

In order of the issuance date.

Posted under IC 89 Management Accounting

Answer: (c).In descending order of maturity or conversion date, starting from the farthest redemption or conversion date. Explanation:Bonds/debentures should be presented in descending order of maturity or conversion date, starting from the farthest redemption or conversion date.

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Q. How should bonds/debentures be presented in the financial statements?
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