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A. On January 1, 2021, Alen Company purchased a piece of land and in exchange issued a 5-year, P1,200,000 face value noninterest bearing note. The

A. On January 1, 2021, Alen Company purchased a piece of land and in exchange issued a 5-year, P1,200,000 face value noninterest bearing note. The fair value of the land and the market value of the ...

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