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Ques 5: On July 1, 2020, Kingbird Inc. made two sales: 1. It sold excess land in exchange for a four-year, non-interest-bearing promissory note in

Ques 5: On July 1, 2020, Kingbird Inc. made two sales: 1. It sold excess land in exchange for a four-year, non-interest-bearing promissory note in the face amount of $1,159,680. The land's carry...

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