In a Troubled Debt Restructuring in Which the Debt Is

In a troubled debt restructuring in which the debt is continued with modified terms and the Long-Term Financial Liabilities 14- 11 carrying amount of the debt is less than the total future cash flows,

A) an extraordinary gain should be recognized by the debtor.
B) a gain should be recognized by the debtor.
C) a new effective interest rate must be calculated.
D) no interest expense or revenue should be recognized in the future.