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Business, 03.04.2020 17:50 winstonbendariovvygn

Which of the following is NOT true about accounting for a troubled debt restructuring? Multiple Choice If a receivable becomes impaired, it is remeasured at the discounted present value of currently expected cash flows. Sometimes receivables are settled outright at the time of a restructuring. If a receivable is remeasured, the discount rate is based on the loan’s original effective rate. If a receivable is continued, but with modified terms, no loss is typically recorded.

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Which of the following is NOT true about accounting for a troubled debt restructuring? Multiple Choi...
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