How much is the total comprehensive income for the 2020?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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Question
The Companyreported the following data for the 2020
:Net sales P9,500,000
Cost of goods sold 4,000,000
Distribution costs 1,000,000
Administrative expenses 1,200,000
Interest expense 700,000
Gain from sale of land 500,000
Income tax expense 800,000
Income from discontinued operations-net of tax 600,000
Unrealized gain on equity investment at FV through OCI-net of tax 1,300,000
Actuarial loss during the year fully recognized-net of tax 300,000
Foreign translation adjustment-debit net of tax 100,000
Revaluation surplus during the year-net of tax 2,500,000
How much is the total comprehensive income for the 2020?
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