PUP CAF 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
PUP CAF 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
PUP CAF 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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