Question: Under long-term liabilities. Please select a topic, such as troubled debt restructuring, and outline the issues that accountants are faced with. After writing a brief

Under long-term liabilities. Please select a topic, such as troubled debt restructuring, and outline the issues that accountants are faced with. After writing a brief analysis of the issues, what are your feelings about current practice? Do you agree or disagree with the current position of the IFRS and/or FASB in this area? Why or why not?

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