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On January 1, 20x1, Line Co. obtains a P4.000.000 bank loan due on December 31, 20x4. Interest of 12% is due annually. The bank charges

On January 1, 20x1, Line Co. obtains a P4.000.000 bank loan due on December 31, 20x4. Interest of 12% is due annually. The bank charges Line Co. an 11.19% nonrefundable loan origination fee The carryi...

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