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Business, 25.11.2019 21:31 Jennifer16253

The o'hara group is owed $1,000,000 by hilton enterprises under an 8% note with three years remaining to maturity. the prior year of interest was unpaid. o'hara agrees to restructure the note under terms that yield a present value of $880,000. the journal entry that o'hara would make to record this transaction would include a loss on troubled debt restructuring of: $0. $80,000. $220,000. $200,000.

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The o'hara group is owed $1,000,000 by hilton enterprises under an 8% note with three years remainin...
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