The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020. Profit or loss P300,000 Share of total comprehensive income (after tax) of associates 20,000 Share of profit (after tax) of associates 15,000 Exchange difference gain (net of tax of P3,000) on translation of foreign operation up to the date sold (1 March 2020) 7,000 Exchange difference gain (net of tax of P9,000) on disposal of foreign operation recognized in profit for the year 21,000 Increase in asset revaluation surplus (net of tax) 45,000 What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020? a. 72,000 b. 36,000 c. 51,000 d. 57,000
The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020. Profit or loss P300,000 Share of total comprehensive income (after tax) of associates 20,000 Share of profit (after tax) of associates 15,000 Exchange difference gain (net of tax of P3,000) on translation of foreign operation up to the date sold (1 March 2020) 7,000 Exchange difference gain (net of tax of P9,000) on disposal of foreign operation recognized in profit for the year 21,000 Increase in asset revaluation surplus (net of tax) 45,000 What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020? a. 72,000 b. 36,000 c. 51,000 d. 57,000
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1BCRQ
Related questions
Question
The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020.
|
Profit or loss |
P300,000 |
|
Share of total comprehensive income |
20,000 |
|
Share of profit (after tax) of associates |
15,000 |
|
Exchange difference gain (net of tax of P3,000) on translation of foreign operation up to the date sold (1 March 2020) |
7,000 |
|
Exchange difference gain (net of tax of P9,000) on disposal of foreign operation recognized in profit for the year |
21,000 |
|
Increase in asset revaluation surplus |
45,000 |
What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020?
a. 72,000
b. 36,000
c. 51,000
d. 57,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning