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Q19 For a troubled debt restructuring involving only modification of terms, it is appropriate for a debtor to recognize a gain when the carrying amount

Q19

For a troubled debt restructuring involving only modification of terms, it is appropriate for a debtor to recognize a gain when the carrying amount of the debt

Exceeds the total future cash payments specified by the new terms

Is less than the total future cash payments specified by the new terms

Exceeds the present value specified by the new terms

Is less than the present value specified by the new terms

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