Question: Company B signed a contract to be executed in 2022 at a price of $100,000. The market price of the inventory decreased to $90,000 at

Company B signed a contract to be executed in 2022 at a price of $100,000. The market price of the inventory decreased to $90,000 at the end of 2020. How much gain or loss should the company record on its books? A. $10,000 unrealized holding gain, which affects the balance sheet B. No entry needed C. $10,000 unrealized holding loss, which affects the income statement D. $10,000 unrealized holding loss, which affects other comprehensive income

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