Question: a debt restructuring that is considered an asset swap, the gain on extinguishment is equal to the Excess of the fair value of the asset

a debt restructuring that is considered an asset swap, the gain on extinguishment is equal to the

Excess of the fair value of the asset over its carrying amount

Excess of the carrying amount of the debt over the fair value of the asset

Excess of the fair value of the asset over the carrying amount of the debt

Excess of the carrying amount of the debt over the carrying amount of the asset

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