Question: Under ASPE, if a debt refunding is viewed as a modification or renegotiation, then: a new effective-interest rate is calculated. there is no change in

Under ASPE, if a debt refunding is viewed as a modification or renegotiation, then:

a new effective-interest rate is calculated.

there is no change in the accounting for the debt.

a gain or loss is recorded.

the old debt is derecognized.

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