When the original terms of a debt agreement are changed because of financial difficulties experienced by the

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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 as a troubled debt restructuring. Such a restructuring can take a variety of forms. For accounting purposes, these possibilities are categorized. What are the accounting classifications of troubled debt restructurings?

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Intermediate Accounting

ISBN: 9780077282073

5th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Lawrence Tomassini

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