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1. On January 2, 2020, Alaska Co. sold equipment with a carrying amount of P480,000 in exchange for a P600,000 noninterest-bearing note due January 2,

1. On January 2, 2020, Alaska Co. sold equipment with a carrying amount of P480,000 in exchange for a P600,000 noninterest-bearing note due January 2, 2023. There was no established exchange price for...

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