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

When a note payable is issued for property, goods, or services, the present value of the note is measured by

a. 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. Any of these.

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