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Required: Prepare an accounting issues memorandum that addresses the following research questions: 1. Does this transaction represent a troubled debt restructuring? 2. Should Trumpetier C0.

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Required: Prepare an accounting issues memorandum that addresses the following research questions: 1. Does this transaction represent a troubled debt restructuring? 2. Should Trumpetier C0. apply extinguishment accounting to the restructuring of the original debt with Bank A and] or Bank B? 3. How should Trumpetier Co. account for the fees paid to the creditors? To third parties

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