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Farhat, your tutorials are absolutely outstanding! Thank you sir.
Glad you like them! Here's my FAR resources: farhatlectures.pathwright.com/library/?category=CPA+Exam+FAR
what if the loan/note defaults? do you just adjust fv to 0 and book a realized loss? or some type of impairment?
and does the unrealized holding gain and loss hit OCI rather than income statement ?
Farhat, your tutorials are absolutely outstanding! Thank you sir.
Glad you like them! Here's my FAR resources: farhatlectures.pathwright.com/library/?category=CPA+Exam+FAR
what if the loan/note defaults? do you just adjust fv to 0 and book a realized loss? or some type of impairment?
and does the unrealized holding gain and loss hit OCI rather than income statement ?