1. March 2025, Wyoming Company filed a suit against DC Company seeking P2,000,000 damages for patent infringement. A court decision on November 2025 awarded Wyoming Company P1,750,000 in damages. DC Company motioned to appeal the decision which was expected to be resolved within 2026. Wyoming Company's counsel believed it is probable that it will be successful against DC Company for an estimated amount ranging from P1,400,000 to P1,750,000, which P1,500,000 as the most likely amount. The amount reported in Wyoming Company's 2025 statement of profit or loss statement is Group of answer choices 1,400,000 1,750,000 0 1,500,000 2. On December 15, 2023, an employee filed a lawsuit against Bojack Company for damages suffered when one of Bojack's equipment malfunctioned in August of 2023. The legal counsel of the company believes that it is probable that Bojack will pay the following damages: Probability Estimated Litigation Cost 50% P400,000 30% 700,000 20% 550,000 Bojack Company provided a 10% risk adjustment factor. Using the expected value method, how much is the provision that should be recognized by Bojack Company on December 31, 2023? Group of answer choices 1,650,000 520,000 1,815,000 572,000