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Wickum Corporation reports under IFRS and recognized a $500,000 other than-temporary impairment of an HTM debt investment in Right Corporation. Subsequently, the fair value of
Wickum Corporation reports under IFRS and recognized a $500,000 other than-temporary impairment of an HTM debt investment in Right Corporation. Subsequently, the fair value of Wickum's investment in Right increased by $300,000 Prepare the journal entry to account for the increase in fair value. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lit Journal entry worksheet Record the increase in Fair value. Notal Enter debits before credits Debli General Journal Event Credit Record entry Clear entry View general Journal
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