Sher Company reported the following in the statement of comprehensive income for 2020: Unrealized gain on trading securities Unrealized loss on futures contract designated as cash flow hedge Revaluation surplus in 2020 Actuarial gain on projected benefit obligation Exchange differences in translating foreign operations-credit Unrealized gain on equity investment at FVOCI Unrealized gain on debt investment at FVOCI 1,750,000 560,000 2,500,000 1,680,000 750,000 1,000,000 1,500,000 What net amount may be subsequently recognize in profit or loss? A. 3,440,000 B. 3,370,000 C. 2,690,000 D. 1,690,000 What net amount will not subsequently recognize in profit or loss? A. 5,680,000 B. 5,180,000 C. 5,740,000 D. 5,930,000
Sher Company reported the following in the statement of comprehensive income for 2020: Unrealized gain on trading securities Unrealized loss on futures contract designated as cash flow hedge Revaluation surplus in 2020 Actuarial gain on projected benefit obligation Exchange differences in translating foreign operations-credit Unrealized gain on equity investment at FVOCI Unrealized gain on debt investment at FVOCI 1,750,000 560,000 2,500,000 1,680,000 750,000 1,000,000 1,500,000 What net amount may be subsequently recognize in profit or loss? A. 3,440,000 B. 3,370,000 C. 2,690,000 D. 1,690,000 What net amount will not subsequently recognize in profit or loss? A. 5,680,000 B. 5,180,000 C. 5,740,000 D. 5,930,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sher Company reported the following in the statement of comprehensive income for 2020:
Unrealized gain on trading securities
Unrealized loss on futures contract designated as cash flow hedge
Revaluation surplus in 2020
Actuarial gain on projected benefit obligation
Exchange differences in translating foreign operations - credit
Unrealized gain on equity investment at FVOCI
Unrealized gain on debt investment at FVOCI
1,750,000
560,000
2,500,000
1,680,000
750,000
1,000,000
1,500,000
What net amount may be subsequently recognize in profit or loss?
A. 3,440,000
В. 3,370,000
C. 2,690,000
D. 1,690,000
What net amount will not subsequently recognize in profit or loss?
A. 5,680,000
В. 5,180,000
C. 5,740,000
D. 5,930,000
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