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Bond Company renegotiates its debt with Bahamas Bank in a troubled debt restructuring. The present value of the new cash flows is less than the

Bond Company renegotiates its debt with Bahamas Bank in a troubled debt restructuring. The present value of the new cash flows is less than the book value of the debt, but the undiscounted cash flows exceed the book value of the debt. Multiple choice question. Bahamas Bank would not record a gain or a loss. Bond company would record a loss. Bahamas Bank would record a loss. Bond company would record a gain

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