Question
At the beginning of first quarter 2015, the bank buys an available-for-sale security for $15. At the end of the first quarter the price is
At the beginning of first quarter 2015, the bank buys an available-for-sale security for $15. At the end of the first quarter the price is $17. The bank sells the security at $18 during the second quarter 2015.
During the second quarter 2015, as the result of the sale, the bank shareholder's equity ______, the retained profit ________ and the capital reserve ________.
A. increased by $1; increased by $3; decreased by $2
B. increased by $3; increased by $1; increased by $2
C. increased by $1; increased by $3; increased by $2
D. decreased by $1; decreased by $3; increased by $2
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