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

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

Circumstance Number 2: The sum of the future payments that the DEBTOR must make is $ 50,000 greater than the amount that DEBTOR owes the CREDITOR

a. How will the DEBTOR's accounting be for each circumstance?

b. How will the CREDITOR's accounting be for each circumstance?

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