Using the fair value through net income method, an excess in value over the investment cost, prior to sale of that investment, should be recorded as: Curition 5 Not yet answered Marked out of 100 PH Question Select one: a. Debit to Unrealized Gain on Fair Value Adjustment, Credit Valuation Allowance for Fair Value Adjustment b. Debit to Valuation Allowance for Fair Value Adjustment Credit to Gain on Fair Value Adjustment c Debit to Gain on Fair Value Adjustment Credit Valuation Allowance for Fair Value Adjustment d. Debit to Valuation Allowance for Fair Value Adjustment, Credit to Unrealized Gain on Fair Value Adjustment M Contact us