e total comprehensive income for the 2020?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
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Sa Min Gi Company reported the following data for the 2020:
Net sales
P9,500,000
Cost of goods sold
4,000,000
Distribution costs
1,000,000
Administrative expenses
Interest expense
1,200,000
700,000
Gain from sale of land
500,000
800,000
Income tax expense
Income from discontinued operations- net of tax
Unrealized gain on equity investment at FV through OCI- net of tax
Actuarial loss during the year fully recognized- net of tax
Foreign translation adjustment- debit net of tax
Revaluation surplus during the year-net of tax
600,000
1,300,000
300,000
100,000
2,500,000
How much is the total comprehensive income for the 2020?
C. P6,300,000
A. P2,900,000
B. P3,800,000
D. P6,500,000
Transcribed Image Text:Sa Min Gi Company reported the following data for the 2020: Net sales P9,500,000 Cost of goods sold 4,000,000 Distribution costs 1,000,000 Administrative expenses Interest expense 1,200,000 700,000 Gain from sale of land 500,000 800,000 Income tax expense Income from discontinued operations- net of tax Unrealized gain on equity investment at FV through OCI- net of tax Actuarial loss during the year fully recognized- net of tax Foreign translation adjustment- debit net of tax Revaluation surplus during the year-net of tax 600,000 1,300,000 300,000 100,000 2,500,000 How much is the total comprehensive income for the 2020? C. P6,300,000 A. P2,900,000 B. P3,800,000 D. P6,500,000
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