George Inc $\mathrm { F } \boldsymbol { V }$ -NI Invertments

George Inc. owns bonds that are accounted for under the fair value through net income model. On December 31, 2020, the bonds have a carrying value of $ 124,365. The fair value at that date is $ 123,000. The entry to record the year-end adjustment is a) Invertment Income or Loss............................1,365
$\mathrm { F } \boldsymbol { V }$ -NI Invertments......................................................1,365
b) Unrealized Gain or Loss OCI..........................1,356
F $\boldsymbol { V }$ -Nl Invertments.......................................1,356
c) FV-NI Inve-tments..................................................1,365
Invetment Income or Loss.................................................1,365
D) No adjustment is required.

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