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Dunham Technology purchased trading debt investments for $53,000 on December 31, 2024. There is a change in the fair value of the trading debt investments
Dunham Technology purchased trading debt investments for $53,000 on December 31, 2024. There is a change in the fair value of the trading debt investments to $60,000 by the end of the year 2025 Which of the following is the correct journal entry on December 31, 20257 OA Trading Debt Investments 7,000 Unrealized Holding Gain-Trading 7,000 OB. Fair Value Adjustment-Trading Unrealized Holding Gain-Trading 7,000 7,000 OC. Unrealized Holding Gain-Trading Retained Earnings 7,000 7,000 OD. Unrealized Holding Gain-Trading Fair Value Adjustment-Trading 7,000 7,000
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