multiple-choice question

9. Company A owes Company B a loan of150,000 yuan. Company A is unable to repay overdue debts due to financial difficulties. Therefore, Company A and Company B signed a debt restructuring agreement on June 4, 2007 through negotiation: Company A used its equipment with book value of 6.5 million yuan, fair value of 7 million yuan and book value of 5 million yuan, and its inventory goods with fair value of 6 million yuan to offset the payment for goods of Company B, and 80% of the difference was paid in cash before the end of 2× 18, and the rest was exempted. Both parties have gone through the relevant asset handover procedures on June 30, 2007. There is no related party relationship between Company A and Company B ... Regardless of the relevant taxes and fees, the following statement about the accounting treatment of the above transaction of Company A 2× 17 is correct ().

A. Party A confirms the debt of 2.8 million yuan owed to Party B..

Company B.A confirmed the profit of debt restructuring of 400,000 yuan.

C the proceeds from the disposal of Party A's debt-paying equipment shall be confirmed according to the difference of 500,000 yuan between fair value and book value.

D. The operating income of Party A's debt-paying inventory is confirmed at the fair value of 6 million yuan.

Reference answer BCD

The accounting treatment of Company A at the end of 2× 17 is as follows:

Debit: accounts payable 1500

Loan: Accounts payable after signing the agreement-160.

Liquidation of fixed assets 650

Non-operating income (50+40)90

Main business income 600

Comments on this topic "Accounting Treatment of Debt Restructuring". The knowledge points involved in this topic are embodied in the following 2017 "Accounting" Tutoring for Certified Public Accountants of China Accounting Network School (www.chinaacc.com): ① Basic Learning of Teacher Guo Jianhua, Chapter 13, Lecture 02; (2) Liu Guofeng strengthens and improves Section 02 of Chapter 13; (3) high strengthening and improvement 13, chapter 02; (4) Li Jinghui Basic Learning Chapter 13, 01; ⑤ Wei Hongyuan's lecture on Chapter 13 of Basic Learning 02; ⑥ Question 10 in the mock exam (2), and question 7 in the mock exam (3), which is the review class for teacher Wang Yanlong; All landowners "Dream Come True" series tutorial book "Exam Guide Accounting" Chapter 13, pages 306 and 307, multiple-choice questions, pages 2 and 7,308, calculation and analysis questions1; ⑧ Dreams come true, a series of tutoring series, Classic Problem Solving and Accounting, Chapter 13, page 275, question 3, page 278, comprehensive questions 1.

Comprehensive problem

Computational problem