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On July 1, 2018, Dateko Co. purchased a non-cash asset with a list price of P260,000 by issuing a five-year non-interest bearing note. The market

On July 1, 2018, Dateko Co. purchased a non-cash asset with a list price of P260,000 by issuing a five-year non-interest bearing note. The market or going rate of interest for this note was 12%. The n...

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