Question: Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it The

Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it

The method of accounting for debt investments is based on the investor's intent for holding the investment. When investor intent changes, the classification of and accounting for the debt investment changes. When debt investments are transferred between classifications, which one of the following valuation basis is most likely to be used when recording the investment in the new classification?

Historic cost

Amortized cost

Prior carrying value

Fair value

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