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On January 1, 2020, BSA Company loaned money to ABC Company in exchange for 12%, one-year promissory note.. On August 31, 2020, the promissory note

On January 1, 2020, BSA Company loaned money to ABC Company in exchange for 12%, one-year promissory note.. On August 31, 2020, the promissory note was discounted at 15% and received P622,440.00 as ...

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