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Spring Corporation purchased 1,000 bonds of White Corporation in 2021 for $400 per bond and classified the investment as securities available for sale. The
Spring Corporation purchased 1,000 bonds of White Corporation in 2021 for $400 per bond and classified the investment as securities available for sale. The value of these holdings was $600 on December 31, 2021. During 2022, Spring sold all of its White bonds at $650 per share. If Spring records unrealized holding gains and losses up to the moment of sale, what would be the amount of reclassification adjustment---OCI that Spring would record upon sale? OA debit of $50,000. OA debit of $200,000. OA debit of $250,000. OA debit of $150,000.
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