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Kat Company reported a 10% note payable of P4,500,000 on June 30, 2020. The note is dated October 1, 2018 and payable in three equal

Kat Company reported a 10% note payable of P4,500,000 on June 30, 2020. The note is dated October 1, 2018 and payable in three equal annual payments of P1,500,000 plus interest. The first interest and...

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