Final answer:
If a company cannot determine the fair value of goods exchanged for a note and the note has no ready market, the company should record the note at its face value.
Step-by-step explanation:
When a company cannot determine the fair value of goods exchanged for a note, and the note has no ready market, the implication for the company is that they should record the note at its face value (option 3). This means that the company should recognize the transaction in its financial statements by recording the note at the value stated on the note itself.