Russin, Inc.owns bonds that are accounted for under the fair value to net income model. The bonds have a carrying value of $124,365 on December 31, 2011.The fair value at that date is $123,000.The entry to record the year-end adjustment is Use the following information for questions 63 through 66.
The summarized balance sheets of Nolte Company and Boswell Company as of December 31,
2011 are as follows:

Question

Russin, Inc.owns bonds that are accounted for under the fair value to net income model. The bonds have a carrying value of $124,365 on December 31, 2011.The fair value at that date is $123,000.The entry to record the year-end adjustment is  Use the following information for questions 63 through 66.
The summarized balance sheets of Nolte Company and Boswell Company as of December 31,
2011 are as follows:

Quizplus · Accepted Answer

The Answer of Russin, Inc.owns bonds that are accounted for under the fair value to net income model. The bonds have a carrying value of $124,365 on December 31, 2011.The fair value at that date is $123,000.The entry to record the year-end adjustment is  Use the following information for questions 63 through 66.
The summarized balance sheets of Nolte Company and Boswell Company as of December 31,
2011 are as follows: