Accounting · Financial Instruments
If Bertrand Co. had incurred transaction costs in issuing convertible loan notes, how should these costs have been treated under IFRS 9?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Deducted from the proceeds of the loan notes and allocated between debt and equity✓
- 2Added to the proceeds of the loan notes
- 3Charged fully to finance costs in the year of issue
- 4Amortized directly over the life of the loan notes as a separate asset
Correct answer
Deducted from the proceeds of the loan notes and allocated between debt and equity
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