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At December 31, 2018, Ivanhoe Company has an equity portfolio valued at $130000. Its cost was $112000. 17 the Securities Fair Value Adjustment has a

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At December 31, 2018, Ivanhoe Company has an equity portfolio valued at $130000. Its cost was $112000. 17 the Securities Fair Value Adjustment has a debit balance of $7000, which of the following journal entries is required at December 31, 2018 11000 11000 11000 O Fair Value Adjustment Unrealized Holding Gain or loss income Unrealized Holding Gain or Loss-Income Fair Value Adjustment Fair Value Adjustment Unrealized Holding Gain or Loss-Income Unrealized Holding Gain or Loss-Income Fair Value Adjustment 11000 18000 18000 18000 18000

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