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9. TMC Company reported net income of P700,000 for 2020. The entity declared and paid dividend of P150,000 in 2020. In the financial statements for

9. TMC Company reported net income of P700,000 for 2020. The entity declared and paid dividend of P150,000 in 2020. In the financial statements for the year ended December 31, 2019, the entity reporte...

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