Question
What does the residual excess of cost over book value become under the equity method?
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Answer
Goodwill.
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Question
How is realized gain or loss measured on sale of debt securities?
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Answer
Net proceeds minus amortized cost.
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Question
How is realized gain or loss measured on sale of equity securities?
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Answer
Net proceeds minus carrying or cost basis.
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Question
What is the key trap with OCI treatment for investment securities?
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Answer
Only AFS debt uses OCI.
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