The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive income of TrueMatic Corporation is provided below: Actuarial gains on defined benefit pension plans recognized outside profit or loss Decrease in inventories of finished goods and work in progress Depreciation and amortization expense P1,333 107,900 17,000 43,000 10,667 Employee benefit expense Exchange differences gain on translating foreign operations Finance costs 18,000 Gains on property revaluation Income tax expense Income tax relating to components of other comprehensive income Loss for the year from discontinued operations Other expenses Other income 3,367 32,000 9,334 30,500 5,500 11,300 Raw material and consumables used 92,000 Revenue 355,000 Share of other comprehensive of associates (unrealized loss on available-for-sale securities) Share of profit of associates Unrealized gain on available-for-sale securities Unrealized loss on derivatives in an effective cash flow hedge Work performed by the entity and capitalized 700 30,100 26,667 4,000 15,000 REQUIRED: Determine the following- 1. The profit for the year 2. The other comprehensive income for the year 3. Total comprehensive income for the year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive
income of TrueMatic Corporation is provided below:
Actuarial gains on defined benefit pension plans recognized outside profit or loss
Decrease in inventories of finished goods and work in progress
Depreciation and amortization expense
Employee benefit expense
Exchange differences gain on translating foreign operations
P1,333
107,900
17,000
43,000
10,667
18,000
3,367
32,000
Finance costs
Gains on property revaluation
Income tax expense
Income tax relating to components of other comprehensive income
Loss for the year from discontinued operations
Other expenses
9,334
30,500
5,500
11,300
92,000
355,000
Other income
Raw material and consumables used
Revenue
Share of other comprehensive of associates (unrealized loss on available-for-sale
securities)
Share of profit of associates
Unrealized gain on available-for-sale securities
Unrealized loss on derivatives in an effective cash flow hedge
Work performed by the entity and capitalized
700
30,100
26,667
4,000
15,000
REQUIRED: Determine the following-
1. The profit for the year
2. The other comprehensive income for the year
3. Total comprehensive income for the year
Transcribed Image Text:The alphabetical list of items that may be relevant in the preparation of a statement of comprehensive income of TrueMatic Corporation is provided below: Actuarial gains on defined benefit pension plans recognized outside profit or loss Decrease in inventories of finished goods and work in progress Depreciation and amortization expense Employee benefit expense Exchange differences gain on translating foreign operations P1,333 107,900 17,000 43,000 10,667 18,000 3,367 32,000 Finance costs Gains on property revaluation Income tax expense Income tax relating to components of other comprehensive income Loss for the year from discontinued operations Other expenses 9,334 30,500 5,500 11,300 92,000 355,000 Other income Raw material and consumables used Revenue Share of other comprehensive of associates (unrealized loss on available-for-sale securities) Share of profit of associates Unrealized gain on available-for-sale securities Unrealized loss on derivatives in an effective cash flow hedge Work performed by the entity and capitalized 700 30,100 26,667 4,000 15,000 REQUIRED: Determine the following- 1. The profit for the year 2. The other comprehensive income for the year 3. Total comprehensive income for the year
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