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How to account for liability discharge (the liability had a collateral)? Gains? It is a loan forgiveness. IAS 20?


The Company got a liability discharge (loan forgiveness). How to record this transaction? I assume the pledged asset is just not pledged anymore? Can we treat this as loan forgiveness in accordance with IAS 20?

asked Jun 7, 2017 in IAS 39 - Financial Instruments: Recognition and Measurement by anonymous

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