In a troubled debt restructuring in which the debt is continued with modified terms, a gain should be recognized at the date of restructure, but no interest expense should be recognized over the remaining life of the debt, whenever the
carrying amount of the pre-restructure debt is greater than the total future cash flows.
present value of the pre-restructure debt is less than the present value of the future cash flows.
carrying amount of the pre-restructure debt is less than the total future cash flows.
present value of the pre-restructure debt is greater than the present value of the future cash flows