(5 points) What effect will transferring investments from the available-for-sale to the trading portfolio have on...

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(5 points) What effect will transferring investments from the available-for-sale to the trading portfolio have on stockholder's equity? (A 35) None. The transfer is made at the book value of the investment. The unrealized gain or loss will become part of Other Comprehensive Income. The unrealized gain or loss on the transfer date will become part of retained earnings. The unrealized gain or loss will be recorded in a Fair Value Adjustments account. Question 2 5 pts (5 points) Bristle Corp. accounts for its investment in OFO, Inc. under the equity method. How should Bristle Corp. record a cash dividend received from OFO? (A 36) As an addition to the fair value adjustment account As a reduction to the investment account As additional pain-in capital As dividend income (5 points) What effect will transferring investments from the available-for-sale to the trading portfolio have on stockholder's equity? (A 35) None. The transfer is made at the book value of the investment. The unrealized gain or loss will become part of Other Comprehensive Income. The unrealized gain or loss on the transfer date will become part of retained earnings. The unrealized gain or loss will be recorded in a Fair Value Adjustments account. Question 2 5 pts (5 points) Bristle Corp. accounts for its investment in OFO, Inc. under the equity method. How should Bristle Corp. record a cash dividend received from OFO? (A 36) As an addition to the fair value adjustment account As a reduction to the investment account As additional pain-in capital As dividend income