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On December 1, 2019, Mickey Company assigned specific accounts receivable totaling P2.000.000 as collateral on a P1.500.000, 12% note from a certain bank. The entity

On December 1, 2019, Mickey Company assigned specific accounts receivable totaling P2.000.000 as collateral on a P1.500.000, 12% note from a certain bank. The entity will continue to collect the assig...

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