An OTT impairment for an equity investment is recognized in net income if fair value declines below the investment's cost and:
A) The company has incurred noncredit losses.
B) The company does not have the intent and ability to hold the investment until fair value recovers.
C) The company lacks intent to hold the investment until fair value recovers.
D) The company has incurred credit losses.
Correct Answer:
Verified
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