How much should be reported as other comprehensive income for 2020?
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter12: Valuation: Cash-flow Based Approaches
Section: Chapter Questions
Problem 2CIC
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Question
![PBA Co. provided these data for 2020:
Income from continuing operations
Unrealized gain on financial asset at FVPL
Unrealized gain on equity investment at FVOCI
Unrealized loss on debt investment at FVOCI
Loss on credit risk of a financial liability at FVPL
unrealized gain on futures contract designated as
cash flow hedge
NET remeasurement gain on a defined benefit plan
Translation loss on foreign operation
Income from discontinued operations
Revaluation surplus
P4,000,000
800,000
1,000,000
1,200,000
300,000
400,000
600,000
200,000
500,000
2,500,000
How much should be reported as other comprehensive income
for 2020?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F073f9bfc-0e0c-4ada-b1bb-572cc9fd22ec%2F20bc31f1-860c-491e-8780-198078d3caee%2Fcacg7pt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PBA Co. provided these data for 2020:
Income from continuing operations
Unrealized gain on financial asset at FVPL
Unrealized gain on equity investment at FVOCI
Unrealized loss on debt investment at FVOCI
Loss on credit risk of a financial liability at FVPL
unrealized gain on futures contract designated as
cash flow hedge
NET remeasurement gain on a defined benefit plan
Translation loss on foreign operation
Income from discontinued operations
Revaluation surplus
P4,000,000
800,000
1,000,000
1,200,000
300,000
400,000
600,000
200,000
500,000
2,500,000
How much should be reported as other comprehensive income
for 2020?
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