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Problem 1 1. What is the amount received by the holder of accounts payable at the end of liquidation? a. P85,000 b. P15,000 c. P60,000

Problem 1 1. What is the amount received by the holder of accounts payable at the end of liquidation? a. P85,000 b. P15,000 c. P60,000 d. P40,000 2 . What is the fair value of the building? a. P1,3...

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