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Unformatted text preview: Discuss the reasons for troubled debt restructuring. 2. Accounting issues a. Recognition—losses should be recognized immediately if it is likely that the loss will occur. b. Measurement: i. Aggregate cash flows ii. Present value— historical rate iii. Present value—market rate...
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This note was uploaded on 03/28/2012 for the course ACCTG ACC423 taught by Professor Smith during the Spring '10 term at University of Phoenix.
- Spring '10