Question 36 Not yet answered Marked out of 100 nog question AVENUES Company has investment in...

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Question 36 Not yet answered Marked out of 100 nog question AVENUES Company has investment in shares of ALBAHAR which are deemed to be non-trading (ie, they are not held for trading purposes). The details of the shares are as follows: Amount: 5,000 Ordinary Shares Purchase Price: $50 each Purchase Date: 1 January 2020 On December 31 2020, the shares are valued at $20 each Which of the following debit entries is recorded in the journal on December 31 2020 to deal with the above information? Select one: 1 O a Debit Unrealized Holding Gain or Loss-Equity (ie, Other Comprehensive Income) $20,000 O b. None of these answers O c. Debit Unrealized Holding Gain or Loss - Equity (ie, Other Comprehensive Income) $15,000 O d. Debit Holding Gain or Loss - Income Statement (ie. Profit and Loss) $20,000 O e. Debit Unrealized Holding Gain or Loss-Income Statement (Le. Profit and Loss) $15,000 Question 36 Not yet answered Marked out of 100 nog question AVENUES Company has investment in shares of ALBAHAR which are deemed to be non-trading (ie, they are not held for trading purposes). The details of the shares are as follows: Amount: 5,000 Ordinary Shares Purchase Price: $50 each Purchase Date: 1 January 2020 On December 31 2020, the shares are valued at $20 each Which of the following debit entries is recorded in the journal on December 31 2020 to deal with the above information? Select one: 1 O a Debit Unrealized Holding Gain or Loss-Equity (ie, Other Comprehensive Income) $20,000 O b. None of these answers O c. Debit Unrealized Holding Gain or Loss - Equity (ie, Other Comprehensive Income) $15,000 O d. Debit Holding Gain or Loss - Income Statement (ie. Profit and Loss) $20,000 O e. Debit Unrealized Holding Gain or Loss-Income Statement (Le. Profit and Loss) $15,000