One of the components of a useful structure for issue-specific standardsis the points of contact section, which lists the areas of the organization responsible for the implementation of policies. Those in these areas are the subject matter experts, or SMEs, who interpret the policy and ensure that there are controls to enforce the policy. This section may also identify other applicable standards or guidelines. True False

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.