Which statement about FVOCl is incorrect? Multiple Choice When the FVOCl investment is sold, the OCl amounts may remain in the separate equity reserve account or be transferred directly to another equity account. Investments in bonds or loans do not qualify as FVOCl; Manogement can designate any investment as FVOCI. FVOCI is desiroble since unrealized gains and losses caused by increase or decrease in fair value are isolated in equity