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The adjusted trial balance of Delia company included the following accounts for the current year: Sales 11,400,000 Interest revenue 300,000 Gain on sale of equipment 120,000 Revaluation surplus during the year 1,440,000 Share of profit of associate 420,000 Cost of goods sold 7,200,000 Finance cost 180,000 Distribution cost 600,000 Administrative expenses 360,000 Translation loss on foreign operation 240,000 Income tax expense 1,140,000 How much is the comprehensive income for the current year? PLS provide solution and explanation for above Philippines Accounting standard

The adjusted trial balance of Delia company included the following accounts for the current year: Sales 11,400,000 Interest revenue 300,000 Gain on sale of equipment 120,000 Revaluation surplus during the year 1,440,000 Share of profit of associate 420,000 Cost of goods sold 7,200,000 Finance cost 180,000 Distribution cost 600,000 Administrative expenses 360,000 Translation loss on foreign operation 240,000 Income tax expense 1,140,000 How much is the comprehensive income for the current year? PLS provide solution and explanation for above Philippines Accounting standard

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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#18
The adjusted trial balance of Delia company included the following accounts for the current year:
Sales 11,400,000
Interest revenue 300,000
Gain on sale of equipment 120,000
Revaluation surplus during the year 1,440,000
Share of profit of associate 420,000
Cost of goods sold 7,200,000

Finance cost 180,000
Distribution cost 600,000
Administrative expenses 360,000
Translation loss on foreign operation 240,000
Income tax expense 1,140,000
How much is the comprehensive income for the current year?

PLS provide solution and explanation for above

Philippines Accounting standard

 

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