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Investment
?
When an impairment of an equity investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is:
Recorded as a deferred credit.
Included in income.
Recorded as deferred asset.
Treated as unrealized
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Included in income.
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