[Iceman]

from Wiley:
4.Igor owns 40% of Mozey Co.’s outstanding common stock, has no other relationship with Mozey, and intends to hold the investment indefinitely. The other 60% of Mozey is owned by Trumper Co., a direct competitor of Igor. Trumper has prevented Igor from gaining representation on Mozey’s Board of Directors.

Wiley says the classification should be “Available for sale” not Equity. But under the new FASB isn’t AFS no longer used for Stock under any circumstance? Is Wiley’s answer wrong under 2018 CPA testing?