Mirvish Limited invests in short term investments.The following information is available about its investments at December 31,2016:
If Mirvish accounts for these at fair value through OCI investments,what entry is necessary for fiscal 2016?
A) A loss of $8,000 to net income.
B) A gain of $8,000 to net income.
C) A loss of $8,000 to OCI.
D) A gain of $8,000 to OCI.
Correct Answer:
Verified
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