When a company exchanges a note for property, goods, or services, what value does it place on the note:

When a company exchanges a note for property, goods, or services, what value does it place on the note: If it bears interest at a reasonable rate and is issued in a bargained transaction entered into at arm’s length? If it bears no interest and/or is not issued in a bargained transaction entered into at arm’s length? If the recorded value of a note differs from the face value: Explain how the company should account for the difference. Explain how the company should present this difference in the financial statements.