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1 . On January 1, 2020, King Company sold equipment by receiving cash of P2,000,000 and a 10% 4-year notes receivable in an equal annual

1 . On January 1, 2020, King Company sold equipment by receiving cash of P2,000,000 and a 10% 4-year notes receivable in an equal annual installment of P1,000,000 plus interest based on the outstandin...

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