Which of the statements are correct regarding investment in shares? Accumulated OCI - unrealized gain/loss of an equity investment would be directly closed to retained earnings when the investment was disposed. Transaction cost will be expensed under FV-NI (or FVTPL). Under IFRS, company is allowed to use cost method as long as the fair value of the investment is not readily available. Under IFRS, company must use equity method when it has significant influence over the investee. Question 20Select one: a. 1, 3, and 4. b. 1, 2, and 4. c. 1, 2, and 3 d. All of the above