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Accounting

When a note payable us issued for property, goods and 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 not

d) Any of these

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437965

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