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o FAS 115 allows companies that dont intend on trading investments to make fast profits to classify these investments as Available-for-Sale (AFS). Unrealized gains and

o FAS 115 allows companies that dont intend on trading investments to make fast profits to classify these investments as Available-for-Sale (AFS). Unrealized gains and losses from AFS securities are included in Other Comprehensive Income rather than on the Income Statement. Explain whether or not you think this is transparent accounting.

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