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Third Question --Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $37,770 $95,400 Fair value 27,640 105,120
Third Question --Presented below are two independent cases related to available-for-sale debt investments.
| Case 1 | Case 2 | |||
| Amortized cost | $37,770 | $95,400 | ||
| Fair value | 27,640 | 105,120 | ||
| Expected credit losses | 22,910 | 86,950 |
For each case, determine the amount of impairment loss, if any.
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Financial Accounting And Reporting For Non Accounting Students How To Interpret Financial Statements And Appraise Company Performance
Authors: Stephen Frost
1st Edition
1398614084, 978-1398614086
