n interest rate of 8% and is to be repaid in three annual installments of P200,000 plus interest on the outstanding balance. The first payment is due on December 31, 2021. The market price of the land is not reliably determinable

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Q: On January 1, 2019, Format Company sold a tract of land that was acquired several years ago for…

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Q: On July 1, 2021, Emerald Corporation sold a set of washing machine and a dryer for a total contract…

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