Rushia Company has an available-for-sale investment in the 10%, 10-year bonds of Pear Co. The investments carrying value is $3,200,000 at December 31, 2010. On January 9, 2011, Rushia learns that Pear Co. 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, 2012, Pear Co. 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 U.S. 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. c.Rushia may record a recovery of $700,000. d.Rushia may record a recovery of $1,600,000. If Rushia Company determines that the fair value of the investment is now $2,900,000 and is using iGAAP 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 $600,000. c.Rushia may record a recovery of $900,000. d.Rushia may record a recovery, but is limited to 80% of the value of the recovery