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18-27: At December 31,2017 entities A and B must each report their investment in entity AB at: a. P290,000 b. P293,000 c. P300,000 d. P296,000

image text in transcribed 18-27: At December 31,2017 entities A and B must each report their investment in entity AB at: a. P290,000 b. P293,000 c. P300,000 d. P296,000 18-28: How much impairment loss should be recognized in profit and loss for the year ended December 31, 2017 ? a. P10,000 b. P3,000 c. P13,000 d. P7,000

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