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a company aquired debt securities at a cost of 10000 on july 1,2020. at the end of the fiscal year record a fair value adjustment
a company aquired debt securities at a cost of 10000 on july 1,2020. at the end of the fiscal year record a fair value adjustment of 11700 the company tax rate is 35%. on september 2021 realized an error made on the FVA as the correct amount was 8500 correct the error and show the tax effect.
on september 2021 realized an error made on the FVA as the correct amount was 8500
correct the error and show the tax effect.
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