In the area of long-term liabilities, there are a variety oftopics that pose issues to accountants. Please select a topic, suchas trouble debt restructuring, and outline the issues thataccountants are faced with. After writing a brief analysis of theissues, what are your feelings about current practice? Do you agreeor disagree with the current position of the IFRS and/or FASB inthis area? Why or why not? Your initial posting should be in 300words or more. Use at least two outside references for your initialposting, not including your textbook. Accounting articles arepreferred. Two reply posts, of at least 100 words, are required.Reply posts should pertain to the topics that are being discussedand can include additional research.