How much gain would whiley recognize in income statement


Under current GAAP, at which amount would Whiley report the restructured liability at December 31, 2010? Explain. How much gain would Whiley recognize in its income statement for 2010? Explain. How much interest expense would Whiley recognize in 2011? Explain.

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Accounting Basics: How much gain would whiley recognize in income statement
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