Question: Under the Fair Value through Net Income Method, what events must be recorded when the equity investment is sold? Group of answer choices Adjust the

Under the Fair Value through Net Income Method, what events must be recorded when the equity investment is sold?
Group of answer choices
Adjust the investment to its fair value at the time of the sale as an unrealized gain/loss and record the sale.
Record the sale price of the investment as a realized gain and remove the investment account(s)
Remove the investment account(s) and wait until the next balance sheet date to record any gains/losses
Adjust the investment to its fair value at the time of the sale as a realized gain/loss and record the sale

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