Lightner Company decides that an available-for-sale security is impaired as of December 31, 2013 and has an unrealized loss of $5,000 . The journal entry to record an impairment loss on securities available-for-sale would be:
a. Unrealized Holding Loss on
Securities Available-for-Sale................5,000
Impairment Loss..........................................5,000
b. Impairment Loss................................... 5,000
Unrealized Holding Loss on
Securities Available-for-Sale.................... 5,000
c. Realized Holding Loss on
Securities Available-for-Sale................5,000
Impairment Loss....................................... 5,000
d. Impairment Loss .................................. 5,000
Realized Holding Loss on
Securities Available-for-Sale.....................5,000
e. Impairment Loss.................................. 5,000
Retained Earnings...................................... 5,000
B
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