If a company chooses the fair value option, a decrease in the fair value of its...

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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 recorded by crediting Gain on Restructuring of Debt. O Unrealized Holding Gain or Loss-Equity Unrealized Holding Gain or Loss-Income. O Bonds Payable. 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.