When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should

When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be
A treated as a prior period adjustment.
B reflected currently in income as an extraordinary item.
C treated as an adjustment of additional paid-in capital.
D reflected currently in income, but NOT as an extraordinary item.
Acc/423 Acc423 Intermediate financial accounting iii final exam
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