The correct journal entry to record the reversal of an impairment loss is:
A) Debit Accumulated impairment losses Credit Impairment loss reversal (income)
B) Debit Asset Credit Impairment loss (expense)
C) Debit Impairment loss reversal (income) Credit Accumulated impairment losses
D) Debit Asset Credit Impairment loss reversal (income)
Correct Answer:
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