Won Hae Hyo Company, an investment entity, provided the following income and expenses for the current year: Dividend income from investments- P9,200,000; Distribution income from trusts- P500,000; Interest income on deposits- P700,000; Income from bank treasury bills- P100,000; Unrealized gain on derivative contract P400,000; Income from dealing in securities and derivatives held for trading- P600,000; Write-down of securities and derivatives held for trading- P150,000; Other income- P50,000; Finance cost- P300,000; Administrative staff costs- P3,800,000; Sundry administrative costs- P1,200,000 interest expense- P1,700,000. What is the total comprehensive income for the current year? A. P3,800,000 B. P4,200,000 C. P4,400,000 D. P9,200,000
Won Hae Hyo Company, an investment entity, provided the following income and expenses for the current year: Dividend income from investments- P9,200,000; Distribution income from trusts- P500,000; Interest income on deposits- P700,000; Income from bank treasury bills- P100,000; Unrealized gain on derivative contract P400,000; Income from dealing in securities and derivatives held for trading- P600,000; Write-down of securities and derivatives held for trading- P150,000; Other income- P50,000; Finance cost- P300,000; Administrative staff costs- P3,800,000; Sundry administrative costs- P1,200,000 interest expense- P1,700,000. What is the total comprehensive income for the current year? A. P3,800,000 B. P4,200,000 C. P4,400,000 D. P9,200,000
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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Transcribed Image Text:Won Hae Hyo Company, an investment entity, provided the following income and expenses for the
current year:
Dividend income from investments- P9,200,000;
Distribution income from trusts- P500,000;
Interest income on deposits- P700,000;
Income from bank treasury bills- P100,000;
Unrealized gain on derivative contract P400,000;
Income from dealing in securities and derivatives held for trading- P600,000;
Write-down of securities and derivatives held for trading- P150,000;
Other income- P50,000;
Finance cost- P300,000;
Administrative staff costs- P3,800,000;
Sundry administrative costs- P1,200,000
interest expense- P1,700,000.
What is the total comprehensive income for the current year?
A. P3,800,000 B. P4,200,000
C. P4,400,000 D. P9,200,000
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