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What amount should Suho Company report

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Reference no: EM132856424

Question - On January 1, 2015 Suho Company acquired as a long term investment for Php 1,400,000 interest in Jug Company when the fair value of its net asset was Php 3,500,000. Jug Company reported the following net losses:

2015 - Php 1,000,000

2016 - Php 1,400,000

2017 - Php 1,600,000

2018 - Php 800,000

On January 1, 2017, Suho Company made a cash advance of Php 400,000 to Jug Company. On December 31, 2018, it is not expected that Suho Company will provide further financial support for Jug Company. What amount should Suho Company report in its 2018 as loss from investment?

Reference no: EM132856424

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