Answer correctly

Answer all. Show complete solution and explanation. 3. Smile Co. an Investment entity. provided the following income and expenses for the current year: Dividend income from investments 1.520.000 Distribution income from trusts 200.000 lnte rest income on deposits 150.000 Income from bank treasury bills 80.000 Unrealized gain on derivative contract as cash flow hedge 400.000 Income from dealing in securities and derivatives held for trading 200.000 Write-down of securities and derivatives held for trading 70.000 Other Income 170.000 Finance cost 300.000 Administrative staff costs 3.800.000 Sundry administrative costs 1.200.000 Income tax expense 1.700.000 What is the total income before tax? a. 2.900.000 b. 2.250.000 c. 2.700.000 d. 2.500.000 4. On November 1. year 2. management of Herron Corporation committed to a plan to dispose of Ti mms Company. a major subsidiary. The disposal meets the requirements for classification as discontinued operations. The carrying value of Timms Company was 8.000.000 and management estimated the fair value less costs to sell to be 6.500.000. For year 2. Timms Company had a loss of 2,000,000. How much should Herron Corporation present as loss from discontinued operations before the effect of taxes in Its Income statement for year 2? a. 0 b. 1.500.000 c. 2.000.000 d. 3.500.000 5. Nikki Company reported the following data for the current year: Loss from Impairment of plant assets 500,000 Correction of understatement of depreciation expense In prior years. net of tax 800.000 Income omitted from last year's financial statement 750.000 Loss on sale of one of Nikki's warehouses 300.000 Unrealized gain on AFS 600.000 Dividends received 950.000 For the current year. Nikki would report other comprehensive Income of a. 30 0.0 00 b. 600.000 0. 1,550,000 (.1. 1.100.000 6. The accountant for Opt lo 00. has determined the following Information for the year ended. December 31. 2021. Profit or loss 300.000 Share of total comprehensive Income after tax of associates 20.000 Share of profit {after tax) of associates 15.000 Exchange difference gain {net of tax of P3000) on translation of foreign operation up to the date sold {October 1. 2021) 7.000 Exchange difference gain {net of tax of P9000} on disposal of foreign operation recognized In profit for the year 21.000 Increase in asset revaluation surplus {net of tax) 45.000 What is the total amount of other comprehensive Income for Optic Co. for the year ended. December 31. 2021? a. 36.000 to. 57.000 0. 51.000 d. 72.000