. What amount should be reported as OCI for the current year? a. 4,000,000 c. 3,200,000 b. 3,500,000 d. 700,000
Darlentina Company provided the following information for the current year:
Income from continuing operations P4,000,000
Income from discontinued operations 500,000
Unrealized gain on financial asset-FVPL 800,000
Unrealized loss on equity investment - FVOCI 1,000,000
Unrealized gain on debt investment - FVOCI 1,200,000
Unrealized gain on futures contract designated
as a cash flow hedge 400,000
Translation loss on foreign operation 200,000
Net "remeasurement" gain on defined benefit plan 600,000
Loss on credit risk of a financial liability at FVPL 300,000
Revaluation surplus during the year 2,500,000
1. What amount should be reported as OCI for the current year?
a. 4,000,000 c. 3,200,000
b. 3,500,000 d. 700,000
2. What net amount in OCI should be reclassified to
3. What amount should be reported as comprehensive income for the current year?
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