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Assume that a Company has notes receivable that have a fair value of...

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Accounting

Assume that a Company has notes receivable that have a fair value of SAR 750,000 and a carrying amount of SAR 560,000. The company decides on December 31,2021, fouse the fair value option for these receivables. On 318t Dec the adjusting entryO a. Debit unrealized gain/loss Income 190,000 and Credit Notes Receivable 190,000O b. Debit Notes Receivable 190,000 and Credit unrealized gain/loss Income 190,000O c. Debit Notes Receivable 560,000 and Credit unrealized gain/loss Income 560,000 d. Debit unrealized gain/loss Income 560,000 and Credit Notes Receivable 360,000

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