1/1/2017 12/31/2017 12/31/2018 Ending Difference Balance Fair Value (FV-BV) 100,000 95,000 96,000 100,000 99,000 97,000 0.00 4,000 1,000 What are the Fair Value Adjustment Journal Entries for 12/31/2017 and 12/
1/1/2017 12/31/2017 12/31/2018 Ending Difference Balance Fair Value (FV-BV) 100,000 95,000 96,000 100,000 99,000 97,000 0.00 4,000 1,000 What are the Fair Value Adjustment Journal Entries for 12/31/2017 and 12/
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1/1/2017
12/31/2017
12/31/2018
Ending
Difference
Balance Fair Value (FV-BV)
100,000
95,000
96,000
100,000
99,000
97,000
0.00
4,000
1,000
What are the Fair Value Adjustment Journal Entries for 12/31/2017 and 12/31/2018?
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