7. The reclassification adjustments of AOCI items to the Statement of Income and Expenses are necessary when selling investments classified as: A. To hold until maturity b. To negotiate c. Available for sale d. All of the above 8. When management changes its intention regarding an investment in debt securities and transfers it from one category to another, such transfer will be made: A. At amortized cost on the transfer date b. At market value on the transfer date c. At the lower of market value or amortized cost on the transfer date d. At the higher of amortized cost or market value on the transfer date 9. When a transfer is made from the category of "Available for sale" to "To hold until maturity", the difference between market value and amortized cost: A. NOT recognized b. It is recognized as profit in the statement of income and expenses c. It is recognized in ICAO and reclassified to the statement of income and expenses when the investment is sold. d. It is recognized in ICAO and is amortized along with the bonus or discount of the bond