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In case of a company issuing compulsory cumulative convertible preference shares and compulsory convertible Debns,Should the instruments be recognised as Compund Financial Insturments where the insstruments carry very less dividend rate and interest rate for e.g 0.001%?? or it should be shown as equity??
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Convertible preference shares will be initially recognised as debt and eventually when they are converted into equity, only then they are classified as equity
Even for pref shares which have very less dividend rate i.e 0.001%???
yes , it does not matter what is the rate of dividend, it matters that it is preference share , not common or equity share
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