Question content area top

Part $1$

When a longminusterm operating asset is$$ impaired, the firm reduces the$$ asset's carrying value on the balance sheet and recognizes the decline in value$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

as a realized loss in other comprehensive income

B$.$

as an extraordinary loss on the income statement

C$.$

as an unrealized loss in other comprehensive income

D$.$

as a loss from continuing operations on the income statement