Saratoga Company issued bonds with a face value of $ 200,000 on January 1, 2016, for $

Question:

Saratoga Company issued bonds with a of $ 200,000 on January 1, 2016, for $ 202,716. Saratoga uses the fair value option to measure the bonds. At the end of 2016, the carrying value of the bonds is $ 201,403 and their fair value is $ 203,780. What is the entry to record the fair value adjustment? Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...