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What is the measurement of the note

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Question - On December 31, 2019, LORBEN Company finished consultation services and accepted in exchange a promissory note with a face value of P200,000, a due date of December 31, 2022 and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. What is the measurement of the note?

a. 175,133

b. 24,869

c. 150,264

d. 200,000

Reference no: EM132946127

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