Question: please help with multiple choice. will give thumbs up :) Which of the following is true if an available-for-sale debt investment is sold for which
Which of the following is true if an available-for-sale debt investment is sold for which there are unrealized holding losses in accumulated other comprehensive income ( AOCI) ? [5 points] There is no effect on total comprehensive income: Comprehensive income decreases. The reclassification adjustment reduces OCl for the amount of the untealized holding losses in AOCl. Two of the other answers are true. The reclassification adjustment has no effect on OCl, as the realized loss is included in AOCl
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