Question $8$

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Fizzy Beverages invests in the debt and equity securities of other companies, and does not elect the fair value option for these investments. Which statement is false concerning impairment testing of these investments?

Select one: $$

a$.$ Impairment testing is required for equity investments with no significant influence.

b$.$ Impairment testing is requir for debt investments classified as AFS and HTM$.$

c$.$ Credit losses for AFS debt investments are reported in income.

d$.$ Impairment testing is required for equity method investments.