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    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 13: Investments and Long-Term Receivables
  5. Question
    When an Available-For-Sale Security Is Sold Any Unrealized Gains or Losses
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When an Available-For-Sale Security Is Sold Any Unrealized Gains or Losses

Question 24

Question 24

True/False

When an available-for-sale security is sold any unrealized gains or losses need to be reclassified from the Allowance for Change in Fair Value of Investments account in order to not double count any gains or losses recorded in comprehensive income.

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