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On its December 31,2024 , balance sheet, Pharoah Company reported its investment in equity securities, which cost $640000, at fair alue of $592000. At December
On its December 31,2024 , balance sheet, Pharoah Company reported its investment in equity securities, which cost $640000, at fair alue of $592000. At December 31,2025 , the fair value of the securities was $621000. Which of the following will Pharoah report in ts 2025 financial statements? Investment in Equity Securities at fair value of $621000 and an unrealized holding loss of $19000 in net income Investment in Equity Securities at fair value of $621000 and an unrealized holding gain of $29000 in other comprehensive income Investment in Equity Securities at fair value of $621000 and an unrealized holding gain of $29000 in net income Investment in Equity Securities at cost of $640000 plus Fair Value Adjustment of $19000 and an unrealized holding loss of $19000 in net income
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