Question: Using the fair value through net income method, an excess in value over investment cost, prior to sale of that investment, is recorded as: Select

Using the fair value through net income method, an excess in value over investment cost, prior to sale of that investment, is recorded as: Select one:

a. Debit to Unrealized Gain on Fair Value Adjustment; credit Valuation Allowance for Fair Value Adjustment

b. Debit to Gain on Fair Value Adjustment; credit Valuation Allowance for Fair Value Adjustment

c. Debit to Valuation Allowance for Fair Value Adjustment; credit to Gain on Fair Value Adjustment

d. Debit to Valuation Allowance for Fair Value Adjustment; credit to Unrealized Gain on Fair Value Adjustment

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