In a troubled debt restructuring

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Reference no: EM13754206

In a troubled debt restructuring in which the debt is continued with modified terms, a gain should be recognized at the date of restructure, but no interest expense should be recognized over the remaining life of the debt, whenever the

carrying amount of the pre-restructure debt is greater than the total future cash flows.

present value of the pre-restructure debt is less than the present value of the future cash flows.

carrying amount of the pre-restructure debt is less than the total future cash flows.

present value of the pre-restructure debt is greater than the present value of the future cash flows

Reference no: EM13754206

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