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During 2023, CMA Co. was experiencing financial difficulty and elected to restructure their debt. CMA Co. reported debt of $17M and interest payable of $3M

During 2023, CMA Co. was experiencing financial difficulty and elected to restructure their debt. CMA Co. reported debt of $17M and interest payable of $3M at December 31, 2023. The lender, Mom Corp., agreed to settle the debt in exchange for inventory with a book value of $12M and a fair value of $16M. 


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