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Accounting & Disclosure
Financial Instruments
NORWALK, Conn.- The Financial Accounting Standards Board April 29 issued narrow-scoped guidance requiring modifications of loans subject to troubled debt restructuring accounting provisions to be accounted for as part of the pool.
FASB issued Accounting Standard Update No. 2010-18, Receivables (Topic 310), Effect of a Loan Modification When the Loan Is Part of a Pool That Is Accounted for as a Single Asset, which requires...