Which of the following statements is incorrect?
A) Unrealized gains from transferring Available-for-sale securities to Trading securities should be recognized in net income.
B) Unrealized losses from transferring Held-to-maturity securities to Available-for-sale securities should be recognized in other comprehensive income.
C) Unrealized gains for Trading securities that were transferred to Held-to-maturity securities should be recognized in other comprehensive income.
D) Unrealized losses for Trading securities transferred to Available-for-sale securities are already recognized as part of net income,so no adjustment is needed.
Correct Answer:
Verified
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