Question: Marshall Companies Inc holds a note receivable from a former

Marshall Companies, Inc. holds a note receivable from a former subsidiary. Due to financial difficulties, the former subsidiary has been unable to pay the previous year's interest on the note. Marshall agreed to restructure the debt by both delaying and reducing remaining cash payments. The concessions impair the creditor's investment in the receivable. How is this impairment recorded?

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  • CreatedJuly 02, 2013
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