Question
Question 13 Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $42,560 $94,500 Fair value 33,460 104,220
Question 13
Presented below are two independent cases related to available-for-sale debt investments.
| Case 1 | Case 2 | |||
| Amortized cost | $42,560 | $94,500 | ||
| Fair value | 33,460 | 104,220 | ||
| Expected credit losses | 28,380 | 86,380 |
For each case, determine the amount of impairment loss, if any. (If no loss, please enter 0. Do not leave any fields blank.)
| Case 1 | ||
| Impairment Loss | $
|
| Case 2 | ||
| Impairment Loss | $
|
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The Solitary Auditor
Authors: Michael Knapp
1st Edition
161163878X, 978-1611638783
