Question
Why are equity securities under ASC 321 never reported in OCI?
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Answer
ASC 321 routes changes through net income.
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Question
Why is a gain on transfer to trading recognized immediately?
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Answer
Because trading securities are measured at fair value through net income.
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Question
Why do trading debt securities use fair value with unrealized gains and losses in net income?
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Answer
They are held principally for near-term sale.
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Question
Why are dividends from an ASC 321 equity security recognized in net income?
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Answer
They are dividend income, not OCI.
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