Question: For each debt investment in the table below, compute the impairment loss, if any, and determine whether the loss is reported in net income or
For each debt investment in the table below, compute the impairment loss, if any, and determine whether the loss is reported in net income or other comprehensive income.
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In Thousands of U.S. Dollars Loss Reported in Net Income (NI) or Other Impairment Comprehensive Income (OCI)? Present Value of Carrying Future Classification Valu Value Cash Flows Loss 9,300 b. Trading c. Available forSale 10,000 11,000 10,300 d. Available-forSale 10,000 10,000 9,000 9.000 9300
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