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Refer to Johnson's Tires in Question 2. In this scenario, Johnson's Tires chooses to rent out the warehouse space to several businesses. Relevant fair values

Refer to Johnson's Tires in Question 2. In this scenario, Johnson's Tires chooses to rent out the warehouse space to several businesses. Relevant fair values are as follows: Required: Prepare all journal entries necessary to account for the warehouse investment asset using the fair value model

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