Question 7 Not yet answered Marked out of 100 P Flag question THIS MULTIPLE CHOICE QUESTION (MCO) IS BASED ON THE WILTON COMPANY SCENARIO BELOW: On1 January 2016, WILTON Company purchased 5,000 shares in CENTRE Company (for trading) for $80 per share. CENTRE Company paid a Cash Dividend of $6 per share in 2016, $8 por share in 2017 and $10 per share in 2018. WILTON Company owns less than 3% of the shares in CENTRE Company and WILTON Company has no other Equity Investments. Prior to 2016, WILTON Company never held shares or debt investments for trading. Please note the following information also: At the end of 2016, shares in CENTRE Company trade at $25 per share. At the end of 2017, shares in CENTRE Company trade at $130 per share. . At the end of 2018, shares in CENTRE Company trade at $ 60 per share MCQ What entry will WILTON Company record in its Fair Value Adjustment account at the end of 2017? Select one: O a. Credit Fair Value Adjustment Account: $260,200 b. Debit Fair Value Adjustment Account: $630,000 c. Debit Fair Value Adjustment Account: $367100 d. None of these answers e. Credit Fair Value Adjustment Account: $520,000