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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 14: Financing Liabilities: Bonds and 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 135

Question 135

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 even a reduction in the amount owed.

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