examMatrix052112 CPA Exam Challenge The effective interest rate for a loan restructured in a troubled debt restructuring is based on: the current rate at the time of the restructuring. the rate specified in the restructuring agreement. the original contractual rate. any of the answer choices listed, if applied consistently to all restructured loans. The effective interest rate is based on the original contractual rate, rather than on the current interest rate or the rate specified in the restructuring agreement. For a chance to win a Kindle Fire, sign up here:
