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Fair Value Option. Saratoga Company issued bonds with a face value of $300,000 on January 1, 2018, for S306.000. Saratoga uses the fair value option
Fair Value Option. Saratoga Company issued bonds with a face value of $300,000 on January 1, 2018, for S306.000. Saratoga uses the fair value option to measure the bonds. At the end of 2018, the carrying value of the bonds is $304,702 and their fair value is $301,600. Half of the fair value change relates to instrument- specific credit risk. What is the entry to record the fair value adjustment
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