Question
Which statement about FVTOCI is incorrect? Question 1 options: When the FVTOCI investment is sold, the OCI amounts may remain in the separate equity reserve
Which statement about FVTOCI is incorrect?
Question 1 options:
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| When the FVTOCI investment is sold, the OCI amounts may remain in the separate equity reserve account, or be transferred directly to another equity account |
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| Investments in bonds or loans do not qualify as FVTOCI |
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| Management can designate any investment as FVTOCI |
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| FVTOCI is desirable since unrealized gains and losses caused by increase or decrease in fair value are isolated in equity |
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The ASQ Certified Medical Device Auditor Handbook
Authors: Scott A Laman
4th Edition
1953079962, 978-1953079961
