Assume an investment classified as held to maturity (HTM). At some point in 2021, the market value is $ 500,000 less than the amortized cost. The company does not plan to sell the investment and does not believe it is more likely (more likely than not) that it will have to sell the investment before fair value is recovered. $ 240,000 of impairment is attributed to credit losses and $ 260,000 to other factors (non-credit losses). How is this situation accounted for?

a. It is not accounted for. When it comes to HTM investments, changes in market value are ignored.

B. The $ 500,000 is recognized as a loss in the statement of income and expenses.

C. The $ 500,000 is recognized as Other comprehensive income (OCI)

D. $ 240,000 in the statement of income and expenses and $ 260,000 as OCI