q 15

* Question Completion Status: Rushia Company has a non-trading investment in the 10%, 10-year bonds of Pear Company. The investment's carrying value is $3,200,000 at December 31, 2020. On January 9, 2021, Rushia learns that Pear Company has lost its primary manufacturing facility in an uninsured fire. As a result, Rushia determines that the investment is impaired and now has a fair value of $2,300,000. In June, 2022, Pear Company has succeeded in rebuilding its manufacturing facility, and its prospects have improved as a result. If Rushia Company determines that the fair value of the investment is now $3,900,000 and is using GAAP for its external financial reporting, which of the following is true? a. Rushia is prohibited from recording the recovery in value of the impaired investment b. Rushia may record a recovery of $900 000. Rushia may record a recovery of $700 000. Rushia may record a recovery of $1.600.000 Save Answer QUESTION 16 2.5 points Click Save and submit to save and submit chok Saue AZAMSOrg to save monster