Question: 1. When a note payable is issued for property, goods, or services, the present value of the note is measured bya. the fair value of

1. When a note payable is issued for property, goods, or services, the present value of the note is measured bya. the fair value of the property, goods, or services.b. the market value of the note.c. using an imputed interest rate to discount all future payments on the note.d. whichever of the amounts in a, b, or c above represents the most objective valuation of the property, goods, or services.

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