entity p owns 35% of alx. the investment in Alx has been impaired by R32 000. how should entity P record the impairment in its consolidated financial statements?

• Dr operating expenses R 11 200 and Cr investment in Alx R 11 200
• Dr operating expenses R32 000 and Cr investment inAlx R 32 000
• Cr operating expenses R11 200 and Dr investment in Alx R11 200

which of the following scenarios contain a contingent liability?

• company C has a possible obligation arising from past events, but which only be realized based on a set future events which are not yet certain to occur.
• company A has a probable obligation arising from current events, but which will only be realized on set future events which are not yet certain to occur.
• company D has a certain obligation arising from past events, but which only be realized based on set future events which are not yet certain to occur.