Sham God Company provided the following information for the current year: Income from continuing operation Income from discontinued operation Unrealized gain on financial asset – FVPL Unrealized loss on equity investment - FVOCI Investment gain on debt investment - FVOCI Unrealized gain on future contract designated as a cashflow hedge Translation loss on foreign operation Net "remeasurement" gain on defined benefit plan during the year Loss on credit risk of financial liability at FVPL Revaluation surplus 4,000,000 500,000 800,000 1,000,000 1,200,000 400,000 200,000 600,000 300,000 2,500,000 What net amount should be reported as other comprehensive income for the current year? A. 4,000,000 В. 3,500,000 С. 3,200,000 D. 7,000,000 What amount should be reported as comprehensive income for the current year? A. 5,200,000 B. 7,700,000 C. 8,500,000 D. 7,200,000
Sham God Company provided the following information for the current year: Income from continuing operation Income from discontinued operation Unrealized gain on financial asset – FVPL Unrealized loss on equity investment - FVOCI Investment gain on debt investment - FVOCI Unrealized gain on future contract designated as a cashflow hedge Translation loss on foreign operation Net "remeasurement" gain on defined benefit plan during the year Loss on credit risk of financial liability at FVPL Revaluation surplus 4,000,000 500,000 800,000 1,000,000 1,200,000 400,000 200,000 600,000 300,000 2,500,000 What net amount should be reported as other comprehensive income for the current year? A. 4,000,000 В. 3,500,000 С. 3,200,000 D. 7,000,000 What amount should be reported as comprehensive income for the current year? A. 5,200,000 B. 7,700,000 C. 8,500,000 D. 7,200,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Sham God Company provided the following information for the current year:
Income from continuing operation
Income from discontinued operation
Unrealized gain on financial asset – FVPL
Unrealized loss on equity investment - FVOCI
Investment gain on debt investment - FVOCI
Unrealized gain on future contract designated as a cashflow hedge
Translation loss on foreign operation
Net "remeasurement" gain on defined benefit plan during the year
Loss on credit risk of financial liability at FVPL
Revaluation surplus
4,000,000
500,000
800,000
1,000,000
1,200,000
400,000
200,000
600,000
300,000
2,500,000
What net amount should be reported as other comprehensive income for the current year?
A. 4,000,000
В. 3,500,000
С. 3,200,000
D. 7,000,000
What amount should be reported as comprehensive income for the current year?
A. 5,200,000
B. 7,700,000
C. 8,500,000
D. 7,200,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffaa30df9-c459-4ca8-a349-f55c98007ebb%2F8c6648a2-597d-4e6e-82dc-cd71faf2028e%2Fdlrzqx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sham God Company provided the following information for the current year:
Income from continuing operation
Income from discontinued operation
Unrealized gain on financial asset – FVPL
Unrealized loss on equity investment - FVOCI
Investment gain on debt investment - FVOCI
Unrealized gain on future contract designated as a cashflow hedge
Translation loss on foreign operation
Net "remeasurement" gain on defined benefit plan during the year
Loss on credit risk of financial liability at FVPL
Revaluation surplus
4,000,000
500,000
800,000
1,000,000
1,200,000
400,000
200,000
600,000
300,000
2,500,000
What net amount should be reported as other comprehensive income for the current year?
A. 4,000,000
В. 3,500,000
С. 3,200,000
D. 7,000,000
What amount should be reported as comprehensive income for the current year?
A. 5,200,000
B. 7,700,000
C. 8,500,000
D. 7,200,000
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