Yellow Company reported the following information in 2021: ·       Sales revenue- P500,000 ·       Cost of Goods Sold- P350,000 ·       Operating Expenses- P55,000 ·       Unrealized translation gain- P20,000 ·       Cash dividends received on investment in equity securities- P2,000 Ignore income tax, for 2021, Yellow Company would report total comprehensive income before tax of?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Yellow Company reported the following information in 2021:

·       Sales revenue- P500,000

·       Cost of Goods Sold- P350,000

·       Operating Expenses- P55,000

·       Unrealized translation gain- P20,000

·       Cash dividends received on investment in equity securities- P2,000

Ignore income tax, for 2021, Yellow Company would report total comprehensive income before tax of?

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