IFRS only explicitly covers troubled debt restructurings from the lender's perspective.

Question

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IFRS does not explicitly cover troubled debt restructurings from the borrower's perspective. However, IFRS does require the borrower to recognize a gain or loss on the restructuring only if the terms of the restructuring differ from the original terms in a way that would have resulted in a different gain or loss being recognized at the original transaction date.

IFRS Only Explicitly Covers Troubled Debt Restructurings from the Lender's