... Value ϭ$ 12, 671,0 92 C. Loss on Restructuring ( 12, 671,0 92 Ϫ 9 ,27 9,080) ϭ$3,3 92, 0 12 Accordingly, the bank makes the following entry on 12/ 31/95:Allowance for DoubtfulAccounts $3,3 92, 0 12 Notes Receivable ... principal by $2, 000,0003. Extending the maturity date from December 31, 1996 to December 31, 20 00, and 4. Reducing the interest rate from 12% to 10%. 42 Critical Financial Accounting Problems Additional ... of Long-Term Obligations.’’ Statement of Financial Accounting Standards No. 47. Stamford, Conn.: FASB, 1981.44 Critical Financial Accounting Problems ACCOUNTING FOR DIVIDENDSAs stated earlier,...