For each debt investment in the following table, compute the impairment loss, if any, and determine whether the loss is reported in net income. All of the investments were purchased in the current year. Assume that the investor is not expected to sell the investments prior to full recovery of the decline in fair value except for Investment d.

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Present Value of Loss Reported Significant Increase in Net Income 12-Month Default Lifetime Default (NI) or Other Future in Credit Risk? Impairment Fair U.S. GAAP Classification Comprehensive Income (OC)? Carrying Value Cash Flows Rate Rate Value Loss $ 9000 a. He d to matur ty $10 000 $ 9,300 Yes 2% 10% ь. Ava abe for sa le Avail able for sale Trad ng 9.300 10 000 9000 No 15 1 c. 10,000 No 11,000 10,300 d. Yes 10 000 9 000 9.300