Excellent explanation. Very helpful video. The only thing I didn't understand is the accounting entry at 31:00 for sale of securities. In our example, we had already marked up the securities by $20,000 when we booked it to OCI. Therefore shouldn't the entry be 1) Debit Cash $120,000 and Credit AFS Securities $120,000 and 2) Debit AOCI $20000 and credit Realized Gain on ssale $20,000
Excellent explanation. Very helpful video. The only thing I didn't understand is the accounting entry at 31:00 for sale of securities. In our example, we had already marked up the securities by $20,000 when we booked it to OCI. Therefore shouldn't the entry be 1) Debit Cash $120,000 and Credit AFS Securities $120,000 and 2) Debit AOCI $20000 and credit Realized Gain on ssale $20,000
Thank you for your helpful video. These 3 items were really confusing for me. Now I totally get them.
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Thank you. You always explain the best way
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Well done, thank you 😊
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31:07 I dont understand why the 20,000 realized gain is recognized twice