This clause, typically found in a loan agreement, permits the holder to declare the entire amount of the loan due, in the event of a default by the borrower: -default clause -acceleration clause -HDC clause -none of the above

When an entity breaches a covenant under a long-term loan agreement on or before the end of the reporting periodwith the effect that the liability becomes payable on demand, the liability is classified as noncurrent whenI. The lender has agreed after the end if the reporting period and before the financial statements areauthorized for issue not to demand payment as a consequence of the breach.II. The lender has agreed on or before the end of the reporting period to provide a grace period ending atleast twelve months after that date. a. Both I and IIb. Neither I and IIc. I onlyd. II only

4)What’s the difference between doubtful debt and bad debt?     5) How do I create an allowance for doubtful accounts entry?

In a troubled-debt situation, why might the creditor grant concessions to the debtor?