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7:44 PM 28% 14 MTN All iCloud QUESTION Francis Limited is finalizing its accounts for the year ended December 31, 2017 before the finalization of account the following events came to the knowledge of the finance director: 1. The company owns a subsidiary in a foreign country. The government of that has communicated to the company on December 28, 2017 that it will expropriate assets of the subsidiary. The book value of the investment in the subsidiary at the year-end was GHS 50 million and fair market value GHS 75 million. The foreign government has indicated that they will compensate the company only to the extent of 25% of the fair value of the investment in the subsidiary. 2. A damages claim of GHS 2 million has been filled. REQUIRED: Show how each of the above events will be dealt in the financial statement of the company for the year ended December 31, 2017