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This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020?

This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much is the total comprehensive income of XYZ for 2020?

AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut O Find Helvetica - 13.5 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD LG Copy Paste & Replace S Format Painter BIU v ab x, x A - I v A v I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. = A Select v Clipboard Font Paragraph Styles Editing I 2.1 1· 1 • X:L 1· : 2:1 3. 4 . L 5. : 6. 1 7 . 8. :9.1 10 I 11· I · 12. · 13. . 14.. 15 16 : 17 . 18 . 19 This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020? Page 7 of 9 1076 words E English (Philippines) D Focus 130% 10:17 AM P3 G 4) ENG W 24/02/2021 立
Transcribed Image Text:AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut O Find Helvetica - 13.5 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD LG Copy Paste & Replace S Format Painter BIU v ab x, x A - I v A v I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. = A Select v Clipboard Font Paragraph Styles Editing I 2.1 1· 1 • X:L 1· : 2:1 3. 4 . L 5. : 6. 1 7 . 8. :9.1 10 I 11· I · 12. · 13. . 14.. 15 16 : 17 . 18 . 19 This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020? Page 7 of 9 1076 words E English (Philippines) D Focus 130% 10:17 AM P3 G 4) ENG W 24/02/2021 立
AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut O Find Helvetica - 13.5 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD LG Copy Paste & Replace S Format Painter BIU v ab x, x A - I v A v I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. = A Select v Clipboard Font Paragraph Styles Editing I 2.1 1· 1 • X:L 1· : 2:1 3. 4 . L 5. : 6. 1 7 . 8. :9.1 10 I 11· I · 12. · 13. . 14.. 15 16 : 17 . 18 . 19 This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020? Page 7 of 9 1076 words E English (Philippines) D Focus 130% 10:17 AM P3 G 4) ENG W 24/02/2021 立
Transcribed Image Text:AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut O Find Helvetica - 13.5 - A A Aa v A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD LG Copy Paste & Replace S Format Painter BIU v ab x, x A - I v A v I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. = A Select v Clipboard Font Paragraph Styles Editing I 2.1 1· 1 • X:L 1· : 2:1 3. 4 . L 5. : 6. 1 7 . 8. :9.1 10 I 11· I · 12. · 13. . 14.. 15 16 : 17 . 18 . 19 This information was taken from the books of XYZ Co. for 2020: P 9,500,000 350,000 100,000 50,000 6,000,000 150,000 500,000 300,000 100,000 850,000 100,000 75,000 Sales Interest expense Loss on sale of equipment Revaluation surplus during 2020 Cost of goods sold Bank service charges Selling expenses Administrative expenses Translation gain on foreign operation Income tax expense Unrecorded 2019 interest on notes payable Over-depreciation during 2019 How much is the total comprehensive income of XYZ for 2020? Page 7 of 9 1076 words E English (Philippines) D Focus 130% 10:17 AM P3 G 4) ENG W 24/02/2021 立
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