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Investment

?

If an available-for-sale investment is sold for which there are unrealized losses in accumulated other comprehensive income (AOCI), the total effect on total comprehensive income is

an increase.a decrease.no effect.canâ€™t determine given this information.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)

no effect.

[Other comprehensive income will be decreased but net income will be increased, so the total effect on comprehensive income is no change.]

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