Which of the following is NOT a reason why an investor might record at least some amount of credit loss for an available-for-sale investment in net income?

Multiple Choice

• The investor intends to sell the investment.

• The investor believes it is more likely than not that the investor will be required to sell the investment prior to recovering the amortized cost of the investment less any credit losses arising in the current year.

• The investor determines that a credit loss exists on the investment.

• The investor believes it is more likely than not that there is a non-credit loss on the investment.