51.4k views
1 vote
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 fair value of the note.
c. using an imputed interest rate to discount all future payments on the note.
d. any of these

User Jpic
by
5.7k points

1 Answer

1 vote

Answer: 'D'

The answer can be any of these.

User Cajwine
by
5.9k points