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Use the following for the next three (3) questions On January 5, 2015, the MEKANI CO. purchased 1,000, 10 par value ordinary shares of PEARL

Use the following for the next three (3) questions On January 5, 2015, the MEKANI CO. purchased 1,000, 10 par value ordinary shares of PEARL INC. for P20,000 cash. MEKANI irrevocably designated the in...

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