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When the original terms of a debt agreement are changed because of financial difficulties experienced by the debtor, (borrower), the new arrangement is referred to
When the original terms of a debt agreement are changed because of financial difficulties experienced by the debtor, (borrower), the new arrangement is referred to as a troubled debt restricting. Such a restructuring can take a variety of forms. For accounting purposes, these possibilities are categorized . What are the accounting purposes, these possibilities are categorized. What are the accounting classifications of troubled debt restructuring?
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