In a Troubled Debt Restructuring Involving a Modification of Terms

question 13

Multiple Choice

In a troubled debt restructuring involving a modification of terms, the debtor's gain on restructuring:

• A) will equal the creditor's gain on restructuring.
• B) will equal the creditor's loss on restructuring.
• C) may not equal the creditor's gain on restructuring.
• D) may not equal the creditor's loss on restructuring.

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