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On October 25, 2024, a company pays $35,000 for an investment in equity securities, with no significant influence. On December 31, 2024, the company's year-end,
On October 25, 2024, a company pays $35,000 for an investment in equity securities, with no significant influence. On December 31, 2024, the company's year-end, the stock has a market value of $36,000. The company sells the stock in 2025 for $32,000. How is the company's 2024 other comprehensive income affected by the above transactions in each year? Select one: 0 a. No effect in 2024, increase of $2,000 in 2025 0 b. Decrease of $2,000 in 2024, increase of $2,000 in 2025 0 c. No effect on OCI in either year. d. Decrease of $2,000 in 2024, increase of $4,000 in 2025
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