katelynndonahue5176 katelynndonahue5176

06-03-2020
Business

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

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haseebkhuhro256 haseebkhuhro256

08-03-2020

Answer:

Explanation:

a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by:

the gains already recorded in the other copmrehensive income by crediting equity account.

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