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QUESTION 38 Use this question for no 38-40 Suppose that McCreary Corp purchased an AFS security for $100. At the end of year 1 its

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QUESTION 38 Use this question for no 38-40 Suppose that McCreary Corp purchased an AFS security for $100. At the end of year 1 its FMV is $170. Half way through the next year, when the FMV of the asset is $180, the AFS security is sold for 5180 cash. What is the incremental impact on net income in year 2? QUESTION 39 What is the incremental impact on changes in Other Comprehensive Income (OC) in year 27 QUESTION 40 Refer to the information from question 38. What is the incremental impact on Comprehensive Income in year 2

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