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(2) 01 El Salls. Problem 2:(10 points) On December 31, 2012, Green Company finish exchange a promissory note with a face value of $600,000, 2015,
(2) 01 El Salls. Problem 2:(10 points) On December 31, 2012, Green Company finish exchange a promissory note with a face value of $600,000, 2015, and a stated rate of 10%, with interest receivable at the Value of the services is not readily determinable and the note IS TO Under the circumstances, the note is considered to have an app interest of 12%. nished consultation services and accepted in ace value of $600,000, a due date of December 31, rest receivable at the end of each year. The fair nd the note is not readily marketable. ed to have an appropriate imputed rate of Instructions Determine the present value of the
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