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51. When an investment in an amortized cost category security is transferred to the FVTOCI...

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Accounting

51. When an investment in an amortized cost category security is transferred to the FVTOCI category, the carrying value assigned to the FVTOCI investment should be:

A. its original cost.

B. its fair value at the date of the transfer.

C. lower of its original cost or its fair value at the date of the transfer.

D. the higher of its original cost or its fair value at the date of the transfer.

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