Question: For the following six items, indicate which financial statement category would be affected: ( 1 ) net income or ( 2 ) other comprehensive income.
For the following six items, indicate which financial statement category would be affected: net income or other comprehensive income.
Answer a Realized gain on sale of AFS debt investment.Answer b Realized loss on sale of HTM debt investment.Answer c Unrealized gain on an AFS debt investment.Answer d Unrealized loss on a TS debt investment.Answer e Unrealized gain on an AFS debt investment accounted for using the fair value option.Answer f Unrealized loss on an equity investment measured at FVNI
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