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a. Calculate the Net profit after tax of Al Musona LLC for the year ended OMR 1,365,000 OMR 1.065,000 None of the listed choices OMR 1.425,000

a. Calculate the Net profit after tax of Al Musona LLC for the year ended OMR 1,365,000 OMR 1.065,000 None of the listed choices OMR 1.425,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following balances extracted from the books of Al Sohar LLC for the year ended March 31, 2019. Net profit before tax of the company OMR 1,600,000 Income tax expenses of the company OMR 235,000 Fair value gain on financial assets OMR 38,000 Pre-tax gain or loss attributable to discontinued operations OMR 100,000, Entity's share of the loss from associates or joint ventures using equity method OMR 3,000. Unrealized gains on derivative financial instruments OMR 22,000 Loss from foreign currency translation adjustments OMR 125,000 Unrealized losses on post-retirement benefit plans OMR 235,000 a. Calculate the Net profit after tax of Al Musona LLC for the year ended March 31, 2019. OMR 1,365,000 OMR 1.065,000 None of the listed choices OMR 1.425,000 b. Calculate the total comprehensive income of Al Musona LLC for the year ended March 31, 2019. OMR 1,425,000 OMR 1,365,000 OMR 1,065,000 None of the listed choices
Transcribed Image Text:The following balances extracted from the books of Al Sohar LLC for the year ended March 31, 2019. Net profit before tax of the company OMR 1,600,000 Income tax expenses of the company OMR 235,000 Fair value gain on financial assets OMR 38,000 Pre-tax gain or loss attributable to discontinued operations OMR 100,000, Entity's share of the loss from associates or joint ventures using equity method OMR 3,000. Unrealized gains on derivative financial instruments OMR 22,000 Loss from foreign currency translation adjustments OMR 125,000 Unrealized losses on post-retirement benefit plans OMR 235,000 a. Calculate the Net profit after tax of Al Musona LLC for the year ended March 31, 2019. OMR 1,365,000 OMR 1.065,000 None of the listed choices OMR 1.425,000 b. Calculate the total comprehensive income of Al Musona LLC for the year ended March 31, 2019. OMR 1,425,000 OMR 1,365,000 OMR 1,065,000 None of the listed choices
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