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1. SM Investments Corporation entered into a contract to acquire a new machine which had a cash price of P2,000,000. Down payment 200,000 Note payable

1. SM Investments Corporation entered into a contract to acquire a new machine which had a cash price of P2,000,000. Down payment 200,000 Note payable in 3 equal annual installments 600,000 20,000 ord...

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