IFRS generally assumes that all restructurings be accounted for as:
A) extinguishments of debt.
B) loss on debt.
C) amortization expense.
D) bad-debt expense.

Name: IFRS generally assumes that all restructurings be accounted for as: A) extinguishments of debt. B) loss on debt. C) amortization expense. D) bad-debt expense.
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Under IFRS, restructurings of debt are often accounted for as extinguishments of debt, where the old debt is derecognized and the new debt is recognized at its fair value.

IFRS Generally Assumes That All Restructurings Be Accounted for As