Trading securities purchased for 40000 ad a fair value of 41

Trading securities purchased for $40,000, ad a fair value of $41000at the end of the year. The adjusting entry to recorti this difference includes a credit to: O A. Unrealized Gain on Trading Securities O C. Retained Earnings OD. Investment in Trading Securities.

Option A

When the fair value of trading securities is higher than their cost, the journal entry to record it would be