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700 X 70% Problem 9-6 (IFRS) Purple Company has correctly classified the packaging operation as a disposal group held for sale and as discontinued operation.
700 X 70% Problem 9-6 (IFRS) Purple Company has correctly classified the packaging operation as a disposal group held for sale and as discontinued operation. For the year ended December 31, 2019, this disposal group incurred trading loss after tax of P2,000,000 and the loss on remeasuring it to fair value less cost of disposal was P1,500,000 What total amount of the disposal group's losses should be included in profit or loss for the year ended December 31, 2019? a. 3,500,000 b. 2,000,000 c. 1,500,000 d. 0 cou 188
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