When Investments Are Treated as Available-For-Sale,other Comprehensive Income (OCI)also Includes
When investments are treated as available-for-sale,other comprehensive income (OCI) also includes the tax effects associated with unrealized holding gains and losses.As a result:
A) Accumulated other comprehensive income would be increased by the tax benefits typically associated with unrealized holding gains.
B) Other comprehensive income typically would be reduced by the tax expense associated with unrealized holding gains.
C) Accumulated other comprehensive income would not be affected by taxes.
D) None of these answer choices is correct.
Correct Answer:
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