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Wickum Corporation reports under IFRS and recognized a $500000 other-than-temporary impairment of an HTM debt investment in Right Corporation Subsequently the fair value of Wickum s investment

Wickum Corporation reports under IFRS, and recognized a $500,000 other-than-temporary impairment of an HTM debt investment in Right Corporation. Subsequently, the fair value of Wickum s investment in Right increased by $300,000. How would Wickum account for that increase in fair value?

Apr 06 2020 View more View Less

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