Question 1 1 points Save Answer On December 31, 2016. Delta Co has a debt investment costing was $33,000. The fair value of this debt investment on December 31, 2016, is 40,000. If the unrealized holding gain or loss account has a debit balance of $2.000 from previous year which of the following journal entries is required at December 31 20162 A. Fair Value Adjustment 7,000 Unrealized Holding Gain or Loss-Income 7.000 B. Fair Value Adjustment 9,000 Unrealized Holding Gain or Loss-Income 9,000 o C. Unrealized Holding Gain or Loss-Income 7,000 Fair Value Adjustment 7,000 D. Unrealized Holding Gain or Loss-Income 5,000 Fair Value Adjustment 5,000 o

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