Which of the following statements is TRUE under IFRS 9?
A) All unrealized gains and losses on equity investments flow through other comprehensive income (OCI) .
B) Unrealized gains and losses on fair value through profit and loss (FVTPL) securities are included in Other Comprehensive Income.
C) Unrealized gains and losses on equity investments may be included in other comprehensive income (OCI) only if a decision to do so is made when the investment is acquired.
D) Other comprehensive income (OCI) is included in net income.
Correct Answer:
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