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. PROBLEM 2 On January 1, 2021, Toit Company issued a 10-year 9% bonds payable of P10,000,000 for a market rate of 8.5%. The company

. PROBLEM 2 On January 1, 2021, Toit Company issued a 10-year 9% bonds payable of P10,000,000 for a market rate of 8.5%. The company incurred 642,007.30 in bond issue costs. The amortization of bond...

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