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For Equity Securities Are Carried and Reported as Available for Sale,when

Question 37

Multiple Choice

For equity securities are carried and reported as available for sale,when should a gain be reported on the income statement?


A) when the security is sold
B) when the fair value of the security increases
C) when the security is reclassified as a trading security
D) when the security is reclassified as a held to maturity security

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