April 30, 2025
Heads Up — FASB Proposes Guidance on Accounting for Debt Exchanges (April 30, 2025)
This Heads Up discusses the FASB’s proposed Accounting Standards Update issued on April 30, 2025, which would introduce an incremental framework to simplify the determination of whether contemporaneous exchanges of cash between a debtor and a creditor should be accounted for as extinguishments of debt under ASC 470-50. Under this framework, an issuer would be required to consider new criteria in A
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