FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Juan bought a certain piece of lot for P300,000. After 2 years, when its fair value was P500,000, he sold it to his best friend for P320,000 in consideration of their friendship. For
a.P500,000
b.P300,000
c.P200,000
d.P20,000
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