If a company chooses the fair value option, a decrease in the fair value of its...

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If a company chooses the fair value option, a decrease in the fair value of its bonds because of the credit rating dropping is recorded by crediting O Gain on Restructuring of Debt. O Unrealized Holding Gain or Loss-Equity O Unrealized Holding Gain or Loss-Income. O Bonds Payable. If a company chooses the fair value option, a decrease in the fair value of its bonds because of the credit rating dropping is recorded by crediting O Gain on Restructuring of Debt. O Unrealized Holding Gain or Loss-Equity O Unrealized Holding Gain or Loss-Income. O Bonds Payable.

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ANSWER A Gain on restructuring of debt Gains Losses on Restructuring of Debt For a debtor the aggreg... View the full answer