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What are the general rules for measuring and recognizing gain or loss by both the debtor and the creditor in a troubleddebt restructuring involving a modification of terms?

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What are the general rules for measuring and recognizing gain or loss by both the debtor and the creditor in a troubleddebt restructuring involving a modification of terms?
Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021
104 Votes
What are the general rules for measuring and recognizing gain or loss by both
the debtor and the creditor in a troubled debt restructuring involving a
modification of terms?
In case of modification change on a go-forward basis from the date of the
estructuring is to be accounted for. This...
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