Antique Company has notes receivable that have a fair value of $920,000 and a carrying amount of $710,000. Antique decides on December 31, 2020, to use the fair value option for these recently-acquired receivables. The adjusting entry to record this change will include a:

credit to Unrealized Holding Gain or Loss―Income for $210,000.

Explanation:

Given that

The fair value is $920,000

The carrying amount is $710,000

So this represent the account has increased by $210,000

So for recording the adjusting entry we credited the non-realized holding gain or loss for an income of $210,000

And, this income come from

= $920,000 - $710,000

= $210,000

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.