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Extra Credit (5 Points) Your company purchases $100,000 of AFS Securities. At the next period after the purchase you see the following journal entry Other

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Extra Credit (5 Points) Your company purchases $100,000 of AFS Securities. At the next period after the purchase you see the following journal entry Other Comprehensive Income Fair Value Adj - AFS Securities $5,000 $5,000 Shortly therafter due to a market pludge the AFS Securities fair value has decreased to $50,000 and you believe it is permanent 1. Can you impair the security? 2. What would the journal entry be

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