Ask Question
15 November, 01:34

When an impairment of an 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 net income-Recorded as deferred asset-Treated as unrealized

+3
Answers (1)
  1. 15 November, 04:08
    0
    Answer: The correct answer is "Included in net income".

    Explanation: When an impairment of an 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 included in net income.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers