Answer E 12 31 under the assumption that Bloom Corporation used Answer E 12-31 under the assumption.

 
   

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Answer E 12 31 under the assumption that Bloom Corporation used
Answer E 12-31 under the assumption that Bloom Corporation used the AFS Credit Loss Model introduced in ASU 2016-13 and required after 2020.

Required:

Prepare appropriate entry(s) at December 31, 2018, and for each year indicate how the scenario will affect net income, OCI, and comprehensive income.

Answer E 12 31 under the assumption that Bloom Corporation used