Question: 18. If a debt refunding is viewed as a modification or renegotiation, then A) a. a new effective interest rate is calculated. B) b. a

18. If a debt refunding is viewed as a modification or renegotiation, then A) a. a new effective interest rate is calculated. B) b. a gain or loss is recorded. C) c. there is no change in the accounting for the debt. D) d. the old debt is derecognized

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