Question
Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $40,210 $101,600 Fair value 29,720 111,610 Expected credit
Presented below are two independent cases related to available-for-sale debt investments.
| Case 1 | Case 2 | |||
| Amortized cost | $40,210 | $101,600 | ||
| Fair value | 29,720 | 111,610 | ||
| Expected credit losses | 24,420 | 92,910 |
For each case, determine the amount of impairment loss, if any. (If no loss, please enter 0. Do not leave any fields blank.)
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The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up
Authors: J.P. Russell
2nd Edition
1636941303, 978-1636941301
