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On January 1, 20x1 RUIN Co. acquired land by issuing a three-year, 12%, P4,000,000 note payable. Principal and all accrued interests are due on December

On January 1, 20x1 RUIN Co. acquired land by issuing a three-year, 12%, P4,000,000 note payable. Principal and all accrued interests are due on December 31. 20x3, How much is the interest expense in 2...

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