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Coca-Cola invests in securities of other companies and categorizes them as trading, AFS, and equity...

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Accounting

Coca-Cola invests in securities of other companies and categorizes them as trading, AFS, and equity method investments. Which statement is true concerning impairment testing of these investments?

a. Impairment testing only occurs for investments with an active market.

b. Impairment is always reported if the book value of the investment significantly exceeds its market value.

c. Impairment testing only occurs for investments carried at fair value.

d. Only Coca-Colas AFS and equity method investments are tested for impairment.

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