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Oriole Company has notes receivable that have a fair value of $947000 and a carrying amount of $1240000. Oriole decides on December 31, 2020, to

Oriole Company has notes receivable that have a fair value of $947000 and a carrying amount of $1240000. Oriole decides on December 31, 2020, to use the fair value option for these recently-acquired receivables. Which of the following entries will be made on December 31, 2020 to record the unrealized holding gain/loss?

Unrealized Holding Gain or LossEquity293000

Notes Receivable293000

Unrealized Holding Gain or LossIncome293000

Notes Receivable293000

Notes Receivable293000

Unrealized Holding Gain or LossIncome293000

Notes Receivable293000

Unrealized Holding Gain or LossEquity 293000

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