Question
On December 31, 2020, Green Consulting Company finished consultation services and accepted in exchange a 3 year zero-interest bearing promissory note with a face value
On December 31, 2020, Green Consulting Company finished consultation services and accepted in exchange a 3 year zero-interest bearing promissory note with a face value of $5,000, a due date of December 31, 2023. The note has a market rate of interest of 10%.
The carrying value of the note on December 31, 2022 is $3,757.
True or False?
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A Guide To Project Auditing
Authors: Association For Project Management
1st Edition
1903494745, 978-1903494745
