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On January 1, 2020, Starbucks Company bought a machine from Machineto Co. In lieu of cash payment, Starbucks gave Machineto a 4-year, P 4,000,000, 15%

On January 1, 2020, Starbucks Company bought a machine from Machineto Co. In lieu of cash payment, Starbucks gave Machineto a 4-year, P 4,000,000, 15% note payable. Principal is due on December 31, 20...

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