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Assume the following information of Filay Inc. at December 31, 2022: 10% Preference share, P100 par, 20,000 shares issued and outstanding P2,000,000 Ordinary share, P20

Assume the following information of Filay Inc. at December 31, 2022: 10% Preference share, P100 par, 20,000 shares issued and outstanding P2,000,000 Ordinary share, P20 par 60,000 shares issued and ou...

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