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What should be reported net proceeds from discounted note

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Reference no: EM132806317

Question 1: On June 30, 2020, VWX Company discounted of the bank a customer P6,000,000, month, 10% note receivable dated April 30, 2020. The bank discounted the note of 125. What should be reported net proceeds from the discounted note receivable?

Reference no: EM132806317

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