PLEASE ANSWER ASAP 18) Big Company owns 100% of the outstanding common stock of Small Company. Small Company borrowed $18,000 from Big Company. Which elimination entry is required for this transaction? Group of answer choices debit Note Payable for $18,000 and credit Investment in Subsidiary for $18,000 debit Note Receivable for $18,000 and credit Note Payable for $18,000 debit Common Stock for $18,000 and credit Note Receivable for $18,000 debit Note Payable for $18,000 and credit Note Receivable for $18,000.

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14) Under the equity method, the Equity-method Investment account is debited when the: Group of answer choices investee reports net income. investment is sold. investee reports net loss. investor receives a cash dividend.

15) Under the equity method, if the investee company has a net loss, the investor company will ________ for its share of the net loss. Group of answer choices credit the Unrealized Loss on Equity-method Investment account debit the Unrealized Loss on Equity-method Investment debit the Equity-method Investment account credit the Equity-method Investment account