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When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is:-Recorded as a deferred credit-Included in net income-Recorded as deferred asset-Treated as unrealized

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  1. Today, 16:09
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    Answer: The correct answer is "Included in net income".

    Explanation: When an impairment of an investment that is classified as available for sale occurs for a reason that is judged to be "other than temporary," the investment is written down to its fair value and the amount of the write-down is included in net income.
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