7252569-MIdterm-1 (dragged) 30

7252569-MIdterm-1 (dragged) 30 - Discuss the reasons for...

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Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Eighth Canadian Edition 14-14 2. Future payments for sinking fund requirements and maturity amounts of long-term debt during each of the next five years should be disclosed. G. Troubled Debt Restructuring (Appendix 14A) 1.
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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.

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