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George Inc

Question 73

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George Inc.owns bonds that are accounted for under the fair value through net income model.On December 31, 2017, the bonds have a carrying value of $124,365.The fair value at that date is $123,000.The entry to record the year-end adjustment is George Inc.owns bonds that are accounted for under the fair value through net income model.On December 31, 2017, the bonds have a carrying value of $124,365.The fair value at that date is $123,000.The entry to record the year-end adjustment is

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