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One Company has issued a P 5,000,000, 10%, 3 year note on January 1, 2020 during which the prevailing market rate is 12%. A year

One Company has issued a P 5,000,000, 10%, 3 year note on January 1, 2020 during which the prevailing market rate is 12%. A year after, the company paid the loan with a land having a carrying value of...

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