View previous atte On January 1, East jet made an equity investment in Flair Corp as an FVTPL investment. The investment has a carrying value of $75,000 and was recorded in the Investment - Flair Corp account on the date of purchase.. At year end, the current market value is $68,500. East jet should record a Multiple Choice Credit to Investment Loss for $6,500 Credit to Investment - Flair Co. for $6,500 Credit to Investment Gain for $6,500 Debit to Investment - Flair Corp. Income for $6,500 G

On January 1, East jet made an equity investment in Flair Corp as an FVTPL investment. The investment has a carrying value of $75,000 and was recorded in the Imvestment - Flair Corp account on the date of purchase. At year end, the current market value is $68.500. East jet should record a Mulpole Choice Credit to investment Loss for 36,500 Ciedit to lmvostnent - Fair Co for 5,500 Creda to investmen Gain for 56500 Debst to imvestment - Flair Corp income for 56,500