Question: When goods or services are exchanged for a note, the stated rate is not used to measure the fair value of the note when Select
When goods or services are exchanged for a note, the stated rate is not used to measure the fair value of the note when
Select one:
a. An interest rate is not stated.
b. The stated interest rate is unreasonable
c. The stated value of the note is materially different from the fair value of the note
d. a and b
e. a and c
f. b and c
g. a, b, and c
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