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Case 15-1 Nearly There Nearly There (the Company), an SEC registrant, designs, develops, manufactures and sells various navigation...
Please I need answer the questions below, more information is attached
1. Is the host contract more akin to a debt or equity instrument for the purpose of analyzing the embedded features in the Series B Preferred Stock?
2. Should the Company separate the Conversion Option feature in the Series B Preferred Stock from the host contract and account for it as a derivative instrument?
3. Should the Company separate the Redemption Option in the Series B Preferred Stock from the host contract and account for it as a derivative instrument?
4. Would your answer to Questions 2 or 3 change if the Company was a private company and its common stock was not publicly traded?
