Question 22 1 Point For items 22 to 24 (Use the PFRS for SMEs) On December 31, 2021, Taher Co. acquired 30% of the ordinary shares that carry voting rights of entity B for P100,000. Taher Co. incurred transaction costs of P1,000 in acquiring these shares. Taher Co. has significant influence over entity B. Taher Co. uses the cost model to account for its investments in associates. In January 2022, entity B declared and paid a dividend of P20,000 out of profits earned in 2021. No further dividends were paid in 2022, 2023 or 2024. A published price quotation does not exist for entity B. At December 31, 2021, 2022 and 2023, in accordance with Section 27 Impairment of Assets, management assessed the fair values of its investment in entity B as P102,000, P110,000 and P90,000 respectively. Costs to sell are estimated at P4,000 throughout. Taher Co. measures its investment in entity B on December 31, 2021 at? Blank 1 Blank 1 Add your answer Question 23 1 Point Taher Co. measures its investment in entity B on December 31, 2022 at? Blank 1 Blank 1 Add your answer Question 24 1 Point The facts are the same as in the immediately preceding question. However, in this example, a published price quotation exists for entity B. Taher Co. measures its investment in entity B on December 31, 2023 at? Blank 1 Blank 1 Add your answer Question 21 1 Point On Dec. 1, 2022, Ramon Corp. sold 100,000 units at P50 per unit or P5,000,000. The cost for each unit is P35. Ramon Corp. granted the customers a right to return within 30 days if not satisfied and will receive either a full refund if cash was already paid or a full credit for the amount owed to the entity. Ramon Corp. estimated that 3% of the units sold or 3,000 units will be returned within the 30-day period. Ramon Corp. used the perpetual method. What amount of revenue should be recognized by Ramon Corp. on December 1, 2022? Blank 1