Question:What did APB14-1 stipulate for retroactive reporting of convertible debt? 

A No retroactive reporting is required. 
B All convertible debt, both retired and active, is required to be retroactively restated. 
C Companies can restate past financial reports if it is to their benefit. 
D Any current outstanding convertible debt must be restated retroactively, any retired convertible debt does not have to be restated. 

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D 

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Md. Habib Ullah

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