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A wholly-owned subsidiary of Marawi Inc. in Hongkong has certain expense accounts for the year ended December 31, 20x7 stated in Hongkong dollars as follows:
A wholly-owned subsidiary of Marawi Inc. in Hongkong has certain expense accounts for the year ended December 31, 20x7 stated in Hongkong dollars as follows: Depreciation (related assets acquired on January 1, 20x4) 18,000 Bad debts 12,000 Rent 30,000 The exchange rates at various dates were as follows: 1 Hongkong dollar December 31, 20x7 P6.40 Average for year ended December 31, 20x7 6.25 January 1, 20x4 5.50 What total peso amount should be included in Mindanao's 20x7 consolidated statement of comprehensive income to reflect this expense
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