_____ in a Bankruptcy Reorganization Under Chapter 11

_____ In a bankruptcy reorganization under Chapter 11,

A) FAS 15 will usually apply.
B) Present-value procedures are required in determining the amount of debt forgiven.
C) The amount of debt forgiven must be treated as a gain and credited to income (and classified as an extraordinary item if material) in the new (emerging) entity's income statement.
D) The carrying amount of the debt is compared with the total future payments.
E) None of the above.