Manitoba Ltd. Purchased 1,000 shares of Spectrum Company for $20 per share on January 1 Year 1. Manitobal chose to classify this equity investment as FVOCI. On December 31, Year 1, the market price of Spectrums stock was $23. On March 1, Year 2, all 1,000 shares of Spectrums stock were sold for $24 per share.

Under IFRS, on March 1, Year 2, the journal entry for the sale of this equity investment would include:

	A.	A debit to Other comprehensive income for $1,000.
	B.	A credit to Gains on sale of equity investment for $4,000
	C.	A credit to Other comprehensive income for $1,000.
	D.	A credit to Gains on sale of equity investment for $1,000