The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive income of TrueMatic Corporation is provided below: Actuarial gains on defined benefit pension plans recognized outside profit or loss Decrease in inventories of finished goods and work in progress Depreciation and amortization expense P1,333 107,900 17,000 43,000 10,667 Employee benefit expense Exchange differences gain on translating foreign operations Finance costs 18,000 Gains on property revaluation Income tax expense Income tax relating to components of other comprehensive income Loss for the year from discontinued operations Other expenses Other income 3,367 32,000 9,334 30,500 5,500 11,300 Raw material and consumables used 92,000 Revenue 355,000 Share of other comprehensive of associates (unrealized loss on available-for-sale securities) Share of profit of associates Unrealized gain on available-for-sale securities Unrealized loss on derivatives in an effective cash flow hedge Work performed by the entity and capitalized 700 30,100 26,667 4,000 15,000 REQUIRED: Determine the following- 1. The profit for the year 2. The other comprehensive income for the year 3. Total comprehensive income for the year

The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive income of TrueMatic Corporation is provided below: Actuarial gains on defined benefit pension plans recognized outside profit or loss Decrease in inventories of finished goods and work in progress Depreciation and amortization expense P1,333 107,900 17,000 43,000 10,667 Employee benefit expense Exchange differences gain on translating foreign operations Finance costs 18,000 Gains on property revaluation Income tax expense Income tax relating to components of other comprehensive income Loss for the year from discontinued operations Other expenses Other income 3,367 32,000 9,334 30,500 5,500 11,300 Raw material and consumables used 92,000 Revenue 355,000 Share of other comprehensive of associates (unrealized loss on available-for-sale securities) Share of profit of associates Unrealized gain on available-for-sale securities Unrealized loss on derivatives in an effective cash flow hedge Work performed by the entity and capitalized 700 30,100 26,667 4,000 15,000 REQUIRED: Determine the following- 1. The profit for the year 2. The other comprehensive income for the year 3. Total comprehensive income for the year

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 15DQ

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The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive income of Kimberlie Corporation is provided below: Actuarial gains on defined benefit pension plans recognized outside profit or loss 1,333 Decrease in inventories of finished goods and work in progress 107,900 Depreciation and amortization expense 17,000 Employee benefits expense 43,000 Exchange differences gain on translating foreign operations 10,667 Finance costs 18,000 Gains on property revaluation 3,367 Income tax expense 32,000 Income tax relating to components of other comprehensive income 9,334 Loss for the year from discontinued operations 30,500 Other expenses 5,500 Other income 11,300 Raw material and consumables used 92,000 Revenue 355,000 Share of other comprehensive income of associates (Unrealized loss on available-for-sale financial assets) 700 Share of profit of…
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