Question: For a troubled debt restructuring involving only a modification of terms, which of the following items specifled by the new terms wourd ue compared to
For a troubled debt restructuring involving only a modification of terms, which of the following items specifled by the new terms wourd ue compared to the carrying amount of the debt to determine if the debtor should report a gain on restructuring?
A The total future cash payments.
B The present value of the debt at the original interest rate.
C The present value of the debt at the modified interest rate.
D The amount of future cash payments designated as principal repayments.
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