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Practice prompt · Q:statement-presentation-comprehensive-income-and-disclosure/practice-aoci-ending

Find ending AOCI

Roll AOCI forward through a new gain and reclassification.

Updated Sep 13, 2026 Review due Dec 13, 2026
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Opening accumulated OCI (AOCI) is $40 thousand. During the year, an after-tax holding gain of $8 thousand enters OCI and a $5 thousand related prior gain is reclassified out of AOCI when a security is sold. There are no other OCI changes. What is ending AOCI?

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Answer: c

Ending AOCI is $43 thousand ($40 + $8 − $5). The reclassification removes a prior amount; it is not an additional new loss.