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The following information relates to impairment on Available-for-Sale Securities for Abbie Company: Amortized cost --End of year (EOY) $500,000 Fair Value (EOY) $480,000 Expected credit

The following information relates to impairment on Available-for-Sale Securities for Abbie Company:

Amortized cost --End of year (EOY) $500,000

Fair Value (EOY) $480,000

Expected credit loss $ 30,000

Which of the following statement is true?

Abbie recognizes an impairment loss of $100,000.

Abbie recognizes credit to fair value adjustment.

Abbie recognizes an unrealized holding gain--equity

Abbie recognizes an impairment loss of $110,000.

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