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Mary Company's usual sales terms are net 60 days, FOB shipping point. Sales, net of returns and allowances, totaled P9,200,000 for the year ended Dec.

Mary Company's usual sales terms are net 60 days, FOB shipping point. Sales, net of returns and allowances, totaled P9,200,000 for the year ended Dec. 31, 2009, before year-end adjustments. Addit...

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