When Troubled Debt Is Restructured Via Continuation with Modification of Debt

question 137

Multiple Choice

When troubled debt is restructured via continuation with modification of debt terms,the original loan is

• A)continued but interest and principal payments may be reduced or eliminated.
• B)continued but the repayment schedule may be extended over a longer time period.
• C)continued but the amount of collateral securing the loan is increased.
• D)cancelled and a new loan agreement is signeD.

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