Beach Co. determined that the decline in the fair market value (FMV) of an investment was below the amortized cost and permanent in nature. The investment was classified as available-for-sale on Beach's books. The controller would properly record the decrease in FMV by including it in which of the following?

a. Other comprehensive income section of the income statement only.
b. Earnings section of the income statement and writing down the cost basis to FMV.
c. Discontinued items section of the income statement, net of tax, and writing down the cost basis to FMV.
d. Other comprehensive income section of the income statement, and writing down the cost basis to FMV.

B). Earnings section of the income statement and writing down the cost basis to FMV.

Explanation:

As per the question, the controller would include 'earnings section of the income statement and writing down the basis of cost to FMV' as the it would be able to record the decline in FMV properly by including these details. The earnings segment of the income statement and the noting down of the cost basis related to the financing(investment) to its FMV. If the securities that are 'available-for-sale' face a loss that is regarded permanent or 'other than temporary', then the security is required to be written down on a new cost basis and must be considered as a realized loss. Therefore, option B is the correct answer.

question 1: the kuwaiti government announced us$1.5 million in aid for rohingya refugees.they pointed out that it was imperative to take immediate and concrete steps to ramp up pressure on myanmar to put an end to the violence.and said   that they r just shameful

question 2: the rohingyas were not aloud to be seen as people in myanmar.in the last few years, before the latest crisis, thousands of rohingya were making perilous journeys out of myanmar to escape communal violence or alleged abuses by the security forces.the latest exodus began on 25 august 2017 after rohingya arsa militants launched deadly attacks on more than 30 police posts.rohingyas arriving in an area known as cox's bazaar - a district in bangladesh - say they fled after troops, backed by local buddhist mobs, responded by burning their villages and attacking and killing civilians.