When there is a sale of an FV-OCI investment, three journal entries are made. These include all of the following Select one: 

a. recognition of the change in the investor's proportionate share of the net assets of the investee through an increase in the investment 

b. removal of the investment's carrying amount from the asset account and recording the proceeds on disposal. 

c. reclassification adjustment that transfers the holding gain now realized out of OCI and into either net income or retained earnings.

d. adjustment of the investment's carrying amount to its fair value and capture of the holding gain up to that date in OCI.

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The detailed answer for the above question is provided below The correct answer is d adjustment of t... View the full answer