Question: When is a debt security considered impaired? Explain how to account for the impairment of an available-for-sale debt security. Are there multiple ways to record

When is a debt security considered impaired? Explain how to account for the impairment of an available-for-sale debt security. Are there multiple ways to record the impairment or is there only one way? After you have identified when a debt security is impaired, then what are the next steps?

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