F5 Flashcards
1
Q
JE for an expected credit loss for available-for-sale debt with excess losses
A
dr credit loss xx
dr unrealized loss on AFS x
cr allowance for credit loss xx
cr valuation account x
JE for an expected credit loss for available-for-sale debt with excess losses
dr credit loss xx
dr unrealized loss on AFS x
cr allowance for credit loss xx
cr valuation account x