When a debt investment at FVOCI is reclassified to FVPL, an entity will a. Remeasure the investment to the original cost and eliminate the cumulative unrealized gain or loss in OCI. b. Transfer the cumulative unrealized gain or loss to retained earnings c. The cumulative gain or loss previously recognized in OCI is reclassified to profit or loss. d. The effective rate at the date of reclassification shall be the basis for interest income to be recognized in subsequent periods.

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Chapter1: Financial Statements And Business Decisions
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17. When a debt investment at FVOCI is reclassified to FVPL, an entity will
a. Remeasure the investment to the original cost and eliminate the cumulative unrealized gain or loss in OCI.
b. Transfer the cumulative unrealized gain or loss to retained earnings
c. The cumulative gain or loss previously recognized in OCI is reclassified to profit or loss.
d. The effective rate at the date of reclassification shall be the basis for interest income to be recognized in subsequent periods.

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