non 24 et ered XYZ Inc is going through a reorganization and will do an...
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non 24 et ered XYZ Inc is going through a reorganization and will do an exchange of its bonds after discussions with lenders. It currently has $169,789 of 10.39% debenture bonds outstanding. These bonds will have their coupon interest adjusted down to 3.97%, which is far below the current interest rates. The present value of the future cash payments discounted at the correct market rate today amounts to $157,067. In the journal entry to record this exchange, how much will be debited or credited to the Reorganization Account? ed out of ag question a. 512,404 b. $13,040 c$12.722 d. $11.768 ce $12,086
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