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On January 1, 2020, CPA Co. leased a building to CMA Co. for a ten-year term at an annual rental of P500,000. At inception of

On January 1, 2020, CPA Co. leased a building to CMA Co. for a ten-year term at an annual rental of P500,000. At inception of the lease, CPA Co. received P2,000,000 covering the first two years' rent ...

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