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Question(s) / Instruction(s):


*Ex. 14-110—Accounting for troubled debt.
(a)     What are the general rules for measuring and recognizing a gain or loss by the debtor on a settlement of troubled debt which includes the transfer of noncash assets?

(b)     What are the general rules for measuring and recognizing a gain and for recording future payments by the debtor in a troubled debt restructuring?

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