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Assume instead that UFOs business model is to collect the interest payments from the bonds and to sell the securities before maturity. The entry to

Assume instead that UFOs business model is to collect the interest payments from the bonds and to sell the securities before maturity. The entry to record the adjustment for the bonds on December 31, 20X4, would include which of the following?

a) A debit to FVOCI investment for $5,680

b) A debit to FVPL investment for $5,680

c) A debit to FVOCI investment for $6,395

d) A debit to FVPL investment for $6,395

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