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Problem 3 Clip Inc. sold merchandise to Grimm Co. on Jan. 1, 2017, receiving a noninterest-bearing note having a face value of P3,000,000. The principal

Problem 3 Clip Inc. sold merchandise to Grimm Co. on Jan. 1, 2017, receiving a noninterest-bearing note having a face value of P3,000,000. The principal is to be paid in 3 equal annual instalments. In...

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