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Question 12 / 18 At December 31, 2020, Ali Co. has a share portfolio valued at $40,000. Its cost was $32,000. If the Securities Fair

Question 12 / 18 At December 31, 2020, Ali Co. has a share portfolio valued at $40,000. Its cost was $32,000. If the Securities Fair Value Adjustment account has a debit balance of $3,000, which of the following journal entries is required at December 31, 2020? 1. 2. $5,000 unrealized loss. $8,000 unrealized gain. $5,000 unrealized gain. $8,000 unrealized loss. 3. 4

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