ABC Company, provided the following income and expenses for the current year. Dividend income from investments- P9,200,000 Share of profit of associate- P500,000 Interest income on deposits- P700,000 Income from bank treasury bills- P100,000 Unrealized gain on derivative contracts- P400,000 Income from dealing in securities and derivatives held for trading- P600,000 Writedown of securities and derivatives held for trading-P150,000 Other income- P250,000 Finance cost- P300,000 Administrative staff costs- P3,800,000 Selling expenses- P1,200,000 Income tax expense- P1,700,000 What is the total comprehensive income for the year?
ABC Company, provided the following income and expenses for the current year. Dividend income from investments- P9,200,000 Share of profit of associate- P500,000 Interest income on deposits- P700,000 Income from bank treasury bills- P100,000 Unrealized gain on derivative contracts- P400,000 Income from dealing in securities and derivatives held for trading- P600,000 Writedown of securities and derivatives held for trading-P150,000 Other income- P250,000 Finance cost- P300,000 Administrative staff costs- P3,800,000 Selling expenses- P1,200,000 Income tax expense- P1,700,000 What is the total comprehensive income for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Company, provided the following income and expenses for the current year.
Dividend income from investments- P9,200,000
Share of profit of associate- P500,000
Interest income on deposits- P700,000 Income from bank treasury bills- P100,000
Unrealized gain on derivative contracts- P400,000
Income from dealing in securities and derivatives held for trading- P600,000
Writedown of securities and derivatives held for trading-P150,000
Other income- P250,000
Finance cost- P300,000
Administrative staff costs- P3,800,000
Selling expenses- P1,200,000
Income tax expense- P1,700,000
What is the total comprehensive income for the year?
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