If an Available-For-Sale Investment Is Sold for Which There Are

question 107

Multiple Choice

If an available-for-sale investment is sold for which there are unrealized gains in accumulated other comprehensive income (AOCI) ,a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by:

• A)Reducing OCI for the amount of unrealized gains in AOCI.
• B)Increasing OCI for the amount of unrealized gains in AOCI.
• C)No effect on OCI,as OCI only includes the effects of unrealized gains and losses.
• D)No effect on OCI,as the realized gain is included in AOCI.

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Definitions:

Confidence Interval

A scope of numerical values, deduced from examining sample data, that is likely to envelop the value of a cryptic population parameter.

Real Estate Industry

The sector of the economy that involves the development, buying, selling, or renting of land, buildings, or accommodation.

Market Residential Real Estate

The segment of the real estate market that deals with residential properties for sale or rent.

Retention Rate

The percentage of individuals who remain in a program, institution, or activity over a specific period, often used in educational and employment contexts.