If the Fair Value of an Available-For-Sale Investment Declines for a Reason

question 81

Multiple Choice

If the fair value of an available-for-sale investment declines for a reason that is viewed as "other than temporary",

• A)the investment is not written down to fair value.
• B)the investment is written down to fair value, and the impairment loss is recognized in net income.
• C)the investment is written down to fair value, and the impairment loss is recognized in accumulated other comprehensive income.
• D)the investment is treated the same way it would be treated if the decline in fair value was viewed as temporary.

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Definitions:

Deficit Syndrome

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DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification system for mental disorders published by the American Psychiatric Association.

Assertive Community Treatment

An intensive and highly individualized mental health care approach, usually for people with severe and persistent mental health conditions, delivered by a multidisciplinary team.

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