A Corporation provided the following information for the current year: Income from continuing operation 2,000,000 Loss on credit risk of financial liability at FVPL 200,000 Revaluation surplus 1,500,000 Loss from discontinued operation 300,000 Unrealized gain on financial asset – FVPL 900,000 Net “remeasurement” gain on defined benefit plan during the year 400,000 Unrealized gain on equity investment – FVOCI 1,000,000 Investment gain on debt investment – FVOCI 900,000 Unrealized loss on future contract designated as a cashflow hedge 200,000 Translation gain on foreign operation 300,000 [Q7]: Determine the total amount of (21) other comprehensive income and (22) comprehensive income for the current year.
A Corporation provided the following information for the current year: Income from continuing operation 2,000,000 Loss on credit risk of financial liability at FVPL 200,000 Revaluation surplus 1,500,000 Loss from discontinued operation 300,000 Unrealized gain on financial asset – FVPL 900,000 Net “remeasurement” gain on defined benefit plan during the year 400,000 Unrealized gain on equity investment – FVOCI 1,000,000 Investment gain on debt investment – FVOCI 900,000 Unrealized loss on future contract designated as a cashflow hedge 200,000 Translation gain on foreign operation 300,000 [Q7]: Determine the total amount of (21) other comprehensive income and (22) comprehensive income for the current year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A Corporation provided the following information for the current year:
Income from continuing operation 2,000,000
Loss on credit risk of financial liability at FVPL 200,000
Revaluation surplus 1,500,000
Loss from discontinued operation 300,000
Unrealized gain on financial asset – FVPL 900,000
Net “remeasurement” gain on defined benefit plan during the year
400,000
Unrealized gain on equity investment – FVOCI 1,000,000
Investment gain on debt investment – FVOCI 900,000
Unrealized loss on future contract designated as a cashflow hedge 200,000
Translation gain on foreign operation 300,000
Investment gain on debt investment – FVOCI 900,000
Unrealized loss on future contract designated as a cashflow hedge 200,000
Translation gain on foreign operation 300,000
[Q7]: Determine the total amount of (21) other comprehensive income and (22)
comprehensive income for the current year.
comprehensive income for the current year.
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