Question: In a troubled debt restructuring, under IFRS, in which the debt is settled by a transfer of assets with a fair market value less the

In a troubled debt restructuring, under IFRS, in which the debt is settled by a transfer of assets with a fair market value less the
carrying amount of the debt, the debtor would
recognize a gain on the settlement.
not recognize a gain or loss on the settlement.
only record a memo in the general ledger.
recognize a loss on the settlement.
In a troubled debt restructuring, under IFRS, in which the debt

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