(Based on Appendix 14B) When the original terms of a debt agreement are changed because of financialdifficulties experienced by the debtor (borrower), the new arrangement is referred to as a troubled debtrestructuring. Such a restructuring can take a variety of forms. For accounting purposes, these possibilities arecategorized. What are the accounting classifications of troubled debt restructurings?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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(Based on Appendix 14B) When the original terms of a debt agreement are changed because of financial
difficulties experienced by the debtor (borrower), the new arrangement is referred to as a troubled debt
restructuring. Such a restructuring can take a variety of forms. For accounting purposes, these possibilities are
categorized. What are the accounting classifications of troubled debt restructurings?

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