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On December 31, 2017. CIT Bank has a loan receivable of P4,000,000 from a borrower that is carrying at face amount and is due on

On December 31, 2017. CIT Bank has a loan receivable of P4,000,000 from a borrower that is carrying at face amount and is due on December 31, 2022. Interest on the loan is payable at 9% each December ...

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