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On January 1, 2019, Tuba Co. acquired a 5-year bonds with a face value of P5,000,000 and stated interest of 12% per year payable annually

On January 1, 2019, Tuba Co. acquired a 5-year bonds with a face value of P5,000,000 and stated interest of 12% per year payable annually on December 31. The bonds were acquired to yield 10%. The bond...

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