amount.An entity reported the following datafor the current year. What net amountin OCI that may not be recycled toprofit or loss? *Net salesCost of goods soldSelling expensesAdministrative expensesP9.500,0004,000,0001,000,0001,200,000Interest expense700,000Gain from expropriation of land500,000Income tax800,000Income from discontinued operationsUnrealized gain on equity investment at FVOCIUnrealized loss on futures contract designated as a cash flow hedgeIncrease in projected benefit obligation due to actuarial assumptionsForeign translation adjustment- debitRevaluation surplus600,000900,000400,000300,000100,0002,500,000

Name: amount.An entity reported the following datafor the current year. Wha
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Description: amount.An entity reported the following datafor the current year. What net amountin OCI that may not be recycled toprofit or loss? *Net salesCost of goods soldSelling expensesAdministrative expensesP9.500,0004,000,0001,000,0001,200,000Interest expen

Other comprehensive income also known as OCI referred to the income, expense, gains and losses which…

Business

Accounting

An entity reported the following data for the current year. What net amount in OCI that may not be recycled to profit or loss? * Net sales Cost of goods sold P9.500 000 4,000,000 Selling expenses Administrative expenses Interest expense 1,000,000 1,200,000 700,000 Gain from expropriation of land Income tax 500,000 800,000 Income from discontinued operations 600,000 Unrealized gain on equity investment at FVOCI Unrealized loss on futures contract designated as a cash flow hedge Increase in projected benefit obligation due to actuarial assumptions Foreign translation adjustment- debit Revaluation surplus 900,000 400,000 300,000 100,000 2,500,000

An entity reported the following data for the current year. What net amount in OCI that may not be recycled to profit or loss? * Net sales Cost of goods sold P9.500 000 4,000,000 Selling expenses Administrative expenses Interest expense 1,000,000 1,200,000 700,000 Gain from expropriation of land Income tax 500,000 800,000 Income from discontinued operations 600,000 Unrealized gain on equity investment at FVOCI Unrealized loss on futures contract designated as a cash flow hedge Increase in projected benefit obligation due to actuarial assumptions Foreign translation adjustment- debit Revaluation surplus 900,000 400,000 300,000 100,000 2,500,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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