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When the sum of the future cash flows of a restructured note is above the current note's carrying value, the debtor recognizes: Multiple Choice a

When the sum of the future cash flows of a restructured note is above the current note's carrying value, the debtor recognizes: Multiple Choice a gain on the debt restructure. neither a gain nor a loss on the debt restructure. both a restructure gain and an early extinguishment loss. a loss on the debt restructure

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