The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020. Profit or loss Share of total comprehensive income (after tax) of associates Share of profit (after tax) of associates Exchange difference gain (net of tax of P3,000) on the translation of foreign operation up to the date sold (1 March 2020) P300,000 20,000 15,000 7,000 Exchange difference gain (net of tax of P9,000) on disposal 21,000 of foreign operation recognized in profit for the year Increase in asset revaluation surplus (net of tax) 45,000 What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020? a. 51,000 b. 72,000 c. 36,000 d. 57,000
The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June 2020. Profit or loss Share of total comprehensive income (after tax) of associates Share of profit (after tax) of associates Exchange difference gain (net of tax of P3,000) on the translation of foreign operation up to the date sold (1 March 2020) P300,000 20,000 15,000 7,000 Exchange difference gain (net of tax of P9,000) on disposal 21,000 of foreign operation recognized in profit for the year Increase in asset revaluation surplus (net of tax) 45,000 What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020? a. 51,000 b. 72,000 c. 36,000 d. 57,000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The accountant for Indra Ltd (Indra) has determined the following
information for the year ended 30 June 2020.
Profit or loss
Share of total comprehensive income (after tax) of
associates
Share of profit (after tax) of associates
Exchange difference gain (net of tax of P3,000) on the
translation of foreign operation up to the date sold (1
March 2020)
P300,000
20,000
15,000
7,000
Exchange difference gain (net of tax of P9,000) on disposal 21,000
of foreign operation recognized in profit for the year
Increase in asset revaluation surplus (net of tax)
45,000
What is the total amount of other comprehensive income for Indra for the
year ended 30 June 2020?
a. 51,000
b. 72,000
c. 36,000
d. 57,000
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