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Please show calculation and explanation for all 3 parts!!!! Ise the following information for the next three questions. Below you will find information about the
Please show calculation and explanation for all 3 parts!!!!
Ise the following information for the next three questions. Below you will find information about the inveatment ortfolio of common atocks held by Amber Co. Amber uses FVNI accounting for the investments. 6. The Gamma shares were sold for a combined total of $105 in 2021 . The realized gain (loss) on the sale was a. (30) b. 15 c. 30 d. (15) e. None of the above 7. On 12/31/2021, the balance of the Fair Value Adjustment account is a. 30b b. 20066 c. 1066 d. 11066 e. 200dr 8. For 2021 , the unrealized gain (loss) reported in 2021 income is a. (10) b. (200) c. 10 d. (110) e. None of the aboveStep by Step Solution
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