When securities are transferred from available-for-sale to trading, then a. Unrealized gain/Loss will be transferred from OCI
Question:
When securities are transferred from available-for-sale to trading, then
a. Unrealized gain/Loss will be transferred from OCI and treated as income
b. Unrealized gain/Loss should not be reversed
c. No changes are required at all
d. None of the above
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Related Book For
Accounting For Investments Equities Futures And Options Volume 1
ISBN: 9780470824313
1st Edition
Authors: R. Venkata Subramani
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