Lala 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, Lala Company would report total comprehensive income before tax of?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lala 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, Lala Company would report total comprehensive income before tax of? 

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