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ABC Company leased a building and received the P360,000 annual rental payment on June 15, 2017. The beginning of the lease was July 1, 2017.

ABC Company leased a building and received the P360,000 annual rental payment on June 15, 2017. The beginning of the lease was July 1, 2017. less : Rental income is taxable when received. ABC's tax ra...

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