Testbank Question 50 At December 31, 2020, Swift Current Inc. has the following portfolio of common shares in which it does not have significant influence: Apple Corp. Chester Inc. Dooley Ltd. Cost $100,000 200,000 300,000 $600,000 Fair Value $120,000 205,000 500,000 $825,000 Assuming Swift Current uses the fair value through other comprehensive income (FV-OCI) model to account for this portfolio of investments, the most informative entry to record the year-end adjustment is Unrealized Gain or Loss-OCI FV-OCI Investments 225,000 225,000 FV-OCI Investment in Apple Corp FV-OCI Investment in Chester Inc. FV-OCI Investment in Dooley Ltd. Unrealized Gain or Loss-OCI on Apple Corp. Unrealized Gain or Loss-OCI on Chester Inc. Unrealized Gain or Loss-OCI on Dooley Ltd. 20,000 5,000 200,000 20,000 5,000 200,000 FV-OCI Investments Unrealized Gain or Loss-OCI 225,000 225,000 Unrealized Gain or Loss-OCI on Apple Corp. Unrealized Gain or Loss-OCI on Chester Inc. Unrealized Gain or Loss-OCI on Dooley Ltd. FV-OCI Investment in Apple Corp. FV-OCI Investment in Chester Inc. FV-OCI Investment in Dooley Ltd. 20,000 5,000 200,000 20,000 5,000 200,000