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Show your solution. 1. Diamond, Inc. reported total purchases of P2.500,000 in its cash basis financial statement on December 31, 2020. Their records revealed the

Show your solution. 1. Diamond, Inc. reported total purchases of P2.500,000 in its cash basis financial statement on December 31, 2020. Their records revealed the following: Inventory, January 1, 2020...

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