Question $34$ of $40$

$\frac{-}{2\mathrm{.}5}$

View Policies

Current Attempt in Progress

On its December $31,2024,$ balance sheet, Cullumber Company reported its investment in equity securities$,$ which cost $$490000,$ at fair value of $$472000.$ At December $31,2025,$ the fair value of the securities was $$486000.$ Which of the following will Cullumber report in its $2025$ financial statements?

Investment in Equity Securities at fair value of $$486000$ and an unrealized holding gain of $$14000$ in other comprehensive income

Investment in Equity Securities at cost of $$490000$ plus Fair Value Adjustment of $$4000$ and an unrealized holding loss of $$4000$ in net income

$$ Investment in Equity Securities at fair value of $$486000$ and an unrealized holding gain of $$14000$ in net income

$$ Investment in Equity Securities at fair value of $$486000$ and an unrealized holding loss of $$4000$ in net income

$$ Attempts: $0$ of $1$ used