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How do I record interest on December 31, 2013 at the effect of market rate and how do I record the journal entry to recognize
How do I record interest on December 31, 2013 at the effect of market rate and how do I record the journal entry to recognize fair value changes as of December 31, 2013. And what are they adjusting journal entries assuming Tanner has no other securities. Suppose Moody's bond rate teen agency downgraded the risk rating of the bond motivating Tanner to sell on January 2, 2014 for 130 million
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