Final answer:
The balance in Accumulated Other Comprehensive Income (AOCI) depends on the changes in fair value of the Fahad Corp. shares.
Step-by-step explanation:
The balance in Accumulated Other Comprehensive Income (AOCI) as of a specified date is the accumulated amount of gains or losses from investments held by a company that have not yet been recognized in the income statement. In this case, Ayayai Corp. has invested in Fahad Corp. shares using the fair value through other comprehensive income (FV-OCI) method.
Under this method, the changes in the fair value of the shares are recorded in other comprehensive income instead of the income statement. These changes may include unrealized gains or losses. The balance in AOCI will increase or decrease based on the changes in fair value of the shares over time.
Therefore, without the specific information provided by Ayayai Corp. about the changes in the fair value of the Fahad Corp. shares and the specified date, it is not possible to determine the exact balance in AOCI as of a certain date.