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If the fair value is lower than the carrying value of a trading investment, the investment is written down to fair value only if the
If the fair value is lower than the carrying value of a trading investment, the investment is written down to fair value only if the decline is permanent and not temporary. a. False b. True
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
3rd Edition
0131494910, 9780131494916
