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Possible Company sold to Viswax Company a tract of land costing P5,000,000 for P7,000,000 on January 1, 2020. The buyer paid P1,000,000 down and signed

Possible Company sold to Viswax Company a tract of land costing P5,000,000 for P7,000,000 on January 1, 2020. The buyer paid P1,000,000 down and signed a two-year promissory note for the remainder of ...

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