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  3. Study Set
    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 14: Financing Liabilities: Bonds and Long-Term Notes Payable
  5. Question
    If a Company Is Having Trouble Paying Its Obligations, a Modification
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If a Company Is Having Trouble Paying Its Obligations, a Modification

Question 175

Question 175

True/False

If a company is having trouble paying its obligations, a modification of terms can be granted in the form of interest rate reduction, maturity date extension, and/or a reduction in the amount owed.

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