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How can you answer these two questions Interest-Bearing Note Feasible Company sold to another entity a tract of land costing P5,000,000 for P7,000,000 on January

How can you answer these two questions Interest-Bearing Note Feasible Company sold to another entity a tract of land costing P5,000,000 for P7,000,000 on January 1, 2016. The buyer paid P1,000,000 dow...

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