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On July 1, 2018, Betty Company lent P120,000 to a foreign supplier, evidenced by an interest bearing note due on July 1, 2019. The note

On July 1, 2018, Betty Company lent P120,000 to a foreign supplier, evidenced by an interest bearing note due on July 1, 2019. The note is denominated in the currency of the borrower and was equivale...

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