Question
An entity reported the following data for the current year: Net sales 9,500,000 Cost of goods sold 4,000,000 Selling expenses 1,000,000 Administrative expenses 1,200,000 Interest
An entity reported the following data for the current year:
Net sales | 9,500,000 | |
Cost of goods sold | 4,000,000 | |
Selling expenses | 1,000,000 | |
Administrative expenses | 1,200,000 | |
Interest expense | 700,000 | |
Gain from expropriation of land | 500,000 | |
Income tax | 800,000 | |
Income from discontinued operations | 600,000 | |
Unrealized gain on equity investment at FVOCI | 900,000 | |
Unrealized loss on forward contract designated as a cash flow hedge | 400,000 | |
Increase in projected benefit obligation due to actuarial assumptions | 300,000 | |
Foreign operation FS translation adjustment debit |
| 100,000 |
Revaluation surplus |
| 2,500,000 |
What amount should be reported as comprehensive income?
Group of answer choices
P2,600,000
P2,900,000
P6,100,000
P5,500,000
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