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Which of the following is true if an available-for-sale debt investment is sold for which there are unrealized holding gains in accumulated other comprehensive income
Which of the following is true if an available-for-sale debt investment is sold for which there are unrealized holding gains in accumulated other comprehensive income (AOCI)? [5 points] The reclassification adjustment increases OCl for the amount of the unrealized holding gains in AOCl. Comprehensive income increases. There is no effect on total comprehensive income. Two of the other answers are true. The reclassification adjustment has no effect on OCl, as the realized gain is included in AOCl
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