alleryStart learning →What happens to the gain on sale of FVOCI equity investments?
ADeducted from share capital
BIt stays in OCI, never recycled
CRecycled to profit and loss
DDeferred as a liability
Answer & Solution
Correct answer: B. It stays in OCI, never recycled
For FVOCI equities the gain or loss is never reported in profit and loss, so it stays in other comprehensive income.
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