Question: On December 3 1 , 2 0 2 4 , Green Company finished consulting services and accepted in exchange a promissory note with a face

On December 31,2024, Green Company finished consulting services and accepted in exchange a promissory note with a face value of $800,000, a due date of December 31,2027, and a stated interest rate of 5%, with interest receivable at the end of each year. The note is considered to have an appropriate imputed rate of interest of 10%.
Question 9
1 pts
What is the present value of the note?
Question 10
1 pts
At 1231?2025, what would be the discount amortized?
On December 3 1 , 2 0 2 4 , Green Company

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