31. If an available-for-sale debt investment is sold for which there are unrealized holding gains in accumulated other comprehensive income (AOCI), a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by:
    1. Reducing OCI for the amount of unrealized holding gains in AOCI.
    2. Increasing OCI for the amount of unrealized holding gains in AOCI.
    3. No effect on OCI, as OCI only includes the effects of unrealized holding gains and losses.
    4. No effect on OCI, as the realized gain is included in AOCI.
    5. Not a component of OCI, rather should be recorded through Net Income

32. The equity method of accounting for investments in voting common stock is appropriate when:
    1. The investor can significantly influence the investee.
    2. The investor has voting control over the investee.
    3. The investor intends to hold the common stock indefinitely.
    4. The investor is assured of a continued supply of a valuable raw material.
    5. All of the above