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A. Purchased building by issuing 15%, P1, 500, 000 face value bonds. On the date of acquisition, the fair value of the building is P2,
A. Purchased building by issuing 15%, P1, 500, 000 face value bonds. On the date of acquisition, the fair value of the building is P2, 200, 000 while the bonds are quoted at 109. Journal entry to re...
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