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    Ghaidaa Af Posts: 1, Reputation: 1
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    Nov 24, 2012, 11:12 AM
    accounting answers free
    if a company decreased the value of its debt because of decreasing of the creditworthiness , how the company record and consider that transaction as a gain it its income statements although it's a loss with an entry of
    Dr. Notes payable
    Cr. Unrealized gain

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