Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 P9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 How much is the total comprehensive income of XYZ for 2020?

Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 P9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 How much is the total comprehensive income of XYZ for 2020?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 40P

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