Question: on december 3 1 , 2 0 2 0 . american bank enters into a debt restructuring agreement with windsor company, which is now experiencing

on december

31, 2020 .

american bank enters into a debt restructuring agreement with windsor company, which is now experiencing financial trouble. the bank agrees to restructure a

12 %,

issued at par, $

4, 260, 000

note receivable bt the following modifications:

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