Question: When a long - term operating asset is impaired, the firm reduces the asset's carrying value on the balance sheet and recognizes the decline in

When a long - term operating asset is impaired, the firm reduces the asset's carrying value on the balance sheet and
recognizes the decline in value
.
A. as a realized loss in other comprehensive income
B. as a loss from continuing operations on the income statement
C. as an extraordinary loss on the income statement
D. as an unrealized loss in other comprehensive income
When a long - term operating asset is impaired, the firm

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