Question: BA does not elect the fair value option (FVO) to report its financial liabilities. Examine Note 32: Financial Instruments. If the company had elected the

BA does not elect the fair value option (FVO) to report its financial liabilities. Examine Note 32: “Financial Instruments.” If the company had elected the FVO for all of its fixed rate borrowings, what would be the balance at March 31, 2009 in the Fair value adjustment account?

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