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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

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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 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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