24. Consider the following two circumstances of a problem debt restructuring and answer questions 24 and 25.

Circumstance Number 1: The sum of future payments that DEBTOR must make is $ 50,000 less than the amount that DEBTOR owes CREDITOR.

Circumstance Number 2: The sum of the future payments that the DEBTOR must make greater than the amount that DEBTOR owes the CREDITOR 24. How will the DEBTOR's accounting be?

-4. How will the DEBTOR's accounting be? Circumstance 1 Circumstance 2 $ 50,000 immediate profit a Does not recognize profit Does not recognize interest expense Recal cula Discount rate $ 50,000 immediate win b Immediate loss of $ 50,000 Does not recognize interest expense Recalculate discount rate Does not recognize profit ncia Does not recognize profit Recalculate Discount Rate into Recalculate Discount Rate Does not recognize profit incia Immediate loss of $ 50,000 Recalculate Discount Rate Recalculate discount rate