Question: Large Company has notes receivable that have a fair value of $1,260,000 and a carrying amount of $1,475,000. Large decides on December 31, 2020, to
Large Company has notes receivable that have a fair value of $1,260,000 and a carrying amount of $1,475,000. Large decides on December 31, 2020, to use the fair value option for these recently-acquired receivables. Which of the following entries will be made on December 31, 2020 to record the unrealized holding gain/loss
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