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An entity issues the following notes payable on January 1, 20x1: A. P5,000,000 non-interest bearing note payable due on December 31, 20x4. B. P4,000,000 non-interest

An entity issues the following notes payable on January 1, 20x1: A. P5,000,000 non-interest bearing note payable due on December 31, 20x4. B. P4,000,000 non-interest bearing note payable due in four e...

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