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How much is the share in associate losses for the year

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Question 1 - Eighth company has an investment in associate carried in its books at P38,000 as of January 1, 2020 giving the company 35% interest over the associate. The associate reported net losses of P50,000 and P60,000 for the year 2020 and 2021, respectively. How much is the share in associate losses for the year 2020?

Question 2 - Eighth company has an investment in associate carried in its books at P38,000 as of January 1, 2020 giving the company 35% interest over the associate. The associate reported net losses of P50,000 and P60,000 for the year 2020 and 2021, respectively. How much is the share in associate losses for the year 2021?

Reference no: EM133160504

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