Problem 9-6 (IFRS) Purple Company has correctly classified the packaging operation as a disposal group held for sale and as discontinued operation. For the year ended December 31, 2019, this disposal group incurred trading loss after tax of P2,000,000 and the loss on remeasuring it to fair value less cost of disposal was P1,500,000. What total amount of the disposal group's losses should be included in profit or loss for the year ended December 31, 2019? a. 3,500,000 b. 2,000,000 c. 1,500,000 d. 0

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Problem 9-6 (IFRS)
Purple Company has correctly classified the packaging
operation as a disposal group held for sale and as
discontinued operation.
For the year ended December 31, 2019, this disposal group
incurred trading loss after tax of P2,000,000 and the loss on
remeasuring it to fair value less cost of disposal was
P1,500,000.
What total amount of the disposal group's losses should be
included in profit or loss for the year ended December 31, 2019?
a. 3,500,000
b. 2,000,000
c. 1,500,000
d.
0
Transcribed Image Text:Problem 9-6 (IFRS) Purple Company has correctly classified the packaging operation as a disposal group held for sale and as discontinued operation. For the year ended December 31, 2019, this disposal group incurred trading loss after tax of P2,000,000 and the loss on remeasuring it to fair value less cost of disposal was P1,500,000. What total amount of the disposal group's losses should be included in profit or loss for the year ended December 31, 2019? a. 3,500,000 b. 2,000,000 c. 1,500,000 d. 0
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