[nalratoss]

Gleim Question –

Troubled me.

I find it extremely difficult to memorize this study unit.

First of all, just like the receivables pledging and factoring, never studied troubled debt restructuring before in accounting classes.

Any tips on how to memorize this part?

The sim practice asked me to complete this chart. Immediately seeing this, my brain went brain-fart.

Select from the pop-up boxes the type of gain or loss encountered in the calculations for troubled debt restructuring (TDR) below. Double-click on each blank box to see a list of answer choices and click on your selection. Each choice may be used once, more than once, or not at all.
Modification of Terms:
Difference between And UCF > Carrying Amount of Debt UCF < Carrying Amount of Debt
Undiscounted future cash flows (UCF) Carrying amount of debt retired No Gain Recognized by Debtor Creditor’s Gain or Loss
Discounted future cash flows (DCF) Carrying amount of receivable Creditor’s Loss Debtor’s Gain or Loss
Settlement in Full:
Difference between And With a Transfer of Assets
Fair value of assets transferred Carrying amount of receivable Creditor’s Gain or Loss
Fair value of assets transferred Carrying amount of debt Debtor’s Gain or Loss
Fair value of assets transferred Carrying amount of assets transferred Debtor’s Gain or Loss
Difference between And With a Grant of an Equity Interest
Fair value of stock transferred Carrying amount of receivable Creditor’s Gain or Loss
Fair value of stock transferred Carrying amount of debt Debtor’s Gain or Loss
Fair value of stock transferred Carrying amount of stock transferred Not Applicable

 

 

[nalratoss]

I'm so tired of the Gleim smart learning system, I already did 150 MCQ on bond chapter, and I'm still not done with this chapter because I'm working on the sim.

My brain farts again when dealing with bond. I scored 19% on first SIM. Even the research part I have no clue where to find obligation.

FAR sucks

[Author]

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