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 How would Wickum account for that increase in fair value ...

Wickum would have recorded a journal entry previously that recognized the OTT imp ...

Wickum Corporation reports under IFRS, and recognized a $500,000 other-than-temporary impairment of an HTM debt investment in

Question:

Wickum reports under IFRS, and recognized a $500,000 other-than-temporary impairment of an HTM debt investment in Right Subsequently, the fair value of Wickum's investment in Right increased by $300,000. How would Wickum account for that increase in fair value?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...