If a debt is restructured through a modification of terms, explain how the gain on restructuring is

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If a debt is restructured through a modification of terms, explain how the gain on restructuring is determined when the restructuring is not under bankruptcy law versus one that is.

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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Question Posted: Apr 13, 2015 10:35 AM

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If a debt is restructured through a modification of terms, explain how the gain on restructuring is

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