Knowledge Check 01 Question: Assume that an equity investment that lacks significant influence is sold. Which of the following would be included in the two entries to record the sale? (Select all that apply.) Check All That Apply

An update of the Fair value adjustment account

Removal of the related investment account balances

The total amount of gain or loss that has occurred since the securities were purchased

The amount of the unrealized holding gain or loss that has occurred since the end of the prior accounting period