46. On December 29, 2011, James Co. sold an equity security that had been purchased on January 4, 2010. James owned no other equity securities. A holding loss was reported in the 2010 income statement and a gain on sale was reported in 2011 income statement. Was the equity security classified as FVTOCI and did the 2010 fair value decline exceed the 2011 fair value increase? Did FV decline in 2010 >FVTOCI?FV increase in in 2011?A.YesYesB.YesNoC.NoYesD. NoNo