Question 34 of 40 -2.5 View Policies Current Attempt in Progress On its...

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Accounting

Question 34 of 40
-2.5
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On its December 31,2024, balance sheet, Cullumber Company reported its investment in equity securities, which cost $490000, at fair value of $472000. At December 31,2025, the fair value of the securities was $486000. Which of the following will Cullumber report in its 2025 financial statements?
Investment in Equity Securities at fair value of $486000 and an unrealized holding gain of $14000 in other comprehensive income
Investment in Equity Securities at cost of $490000 plus Fair Value Adjustment of $4000 and an unrealized holding loss of $4000 in net income
Investment in Equity Securities at fair value of $486000 and an unrealized holding gain of $14000 in net income
Investment in Equity Securities at fair value of $486000 and an unrealized holding loss of $4000 in net income
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