Which of the following statements is true regarding a troubled debt restructuring? Multiple Choice In a troubled debt restructuring, there is a lack of symmetry in the financial reporting of the borrower and lender. A troubled debt restructuring can only be accomplished through a continuation with modification of debt terms including cancelation of the original loan and execution of a new loan agreement. In a troubled debt restructuring, GAAP restructuring gains and losses for accounting are equal to real economic gains and losses for the companies involved. All accounting aspects of a troubled debt restructuring are explicitly covered by IFRS