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ABC Company factored its Accounts Receivable of P450,000 for P360,000. The receivable had an allowance for doubtful accounts of P22,500. Compute for the gain or

ABC Company factored its Accounts Receivable of P450,000 for P360,000. The receivable had an allowance for doubtful accounts of P22,500. Compute for the gain or loss on factoring

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