Saratoga Company issued bonds with a face value of $200,000 on January 1, 2022, for $202,716. Saratoga
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Saratoga Company issued bonds with a face value of $200,000 on January 1, 2022, for $202,716. Saratoga uses the fair value option to measure the bonds. At the end of 2022, the carrying value of the bonds is $201,403, and their fair value is $203,780. The change in fair value relates to a change in interest rate. What is the entry to record the fair value adjustment?
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Related Book For 
Intermediate Accounting
ISBN: 9780136946694
3rd Edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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