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Use the following information for the next three questions: On January 1, 20x1, ABC Co. purchased 10,000 shares of XYZ, Inc. for P1,000,000. Commission paid

Use the following information for the next three questions: On January 1, 20x1, ABC Co. purchased 10,000 shares of XYZ, Inc. for P1,000,000. Commission paid to broker amounted to P15,000. Management m...

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