Acompany has available-for-sale investments that cost $50,000 and were valued at $45,000 at the beginning of the current period during which the investments were sold for $48,000. which of the following best reflects the impact of these events on the elements of comprehensive income of the current year? a. impact on net income: $3,000 gain; other comprehensive income (reclassification): $5,000 loss; comprehensive income: $2,000 lossb. impact on net income: $2,000 loss; other comprehensive income (reclassification): $5,000 gain; comprehensive income: $3,000 gainc. impact on net income: $4,000 gain; other comprehensive income (reclassification): $6,000 loss; comprehensive income: $2,000 lossd. impact on net income: $5,000 loss; other comprehensive income (reclassification): $5,000 gain; comprehensive income: $3,000 gain
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Acompany has available-for-sale investments that cost $50,000 and were valued at $45,000 at the begi...
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