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If a company chooses the fair value option, a decrease in the fair value of its bonds because of the credit rating dropping is
If a company chooses the fair value option, a decrease in the fair value of its bonds because of the credit rating dropping is recorded by crediting Gain on Restructuring of Debt. O Unrealized Holding Gain or Loss-Equity Unrealized Holding Gain or Loss-Income. O Bonds Payable.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
