BC Co. provided the following: Administrative expenses 400,000 Cost of sales 1,800,000 Distribution costs 450,000 Loss – exchange differences on translating foreign operations 100,000 Finance costs 300,000 Gains – cash flow hedges 50,000 Gains on property revaluations 250,000 Loss for the year from discontinued operations 90,000 Other expenses 150,000 Other income 110,000 Gain – remeasurement of defined operations 270,000 Sales 3,200,000 Share of gain on property revaluation of associates 120,000 Share of profits of associates 80,000 Loss – available for sale financial assets 70,

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABC Co. provided the following:
Administrative expenses 400,000
Cost of sales 1,800,000
Distribution costs 450,000
Loss – exchange differences on translating foreign operations 100,000
Finance costs 300,000
Gains – cash flow hedges 50,000
Gains on property revaluations 250,000
Loss for the year from discontinued operations 90,000
Other expenses 150,000
Other income 110,000
Gain – remeasurement of defined operations 270,000
Sales 3,200,000
Share of gain on property revaluation of associates 120,000
Share of profits of associates 80,000
Loss – available for sale financial assets 70,000
1. Ignoring taxes, the amount reported in the profit or loss section for the year ended December 31, 2020 is
2. Ignoring taxes, the amount reported in the other comprehensive income section for the year ended
December 31, 2020 is

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