Attached you are given the annual report PALTEL GROUP for 2020. Using the information provided in the annual report respond to the following questions:

A. Explain the concept of comprehensive income. What is the difference between comprehensive income and net income?.

B. Other comprehensive income for PALTEL includes change in fair value of financial assets through other comprehensive income and foreign currency translation difference, explain these items. Why are these gains and losses not included in net income on the income statement? When, if ever, will these gains and losses appear in net income?

C. Do the financial statements include mixed attributes to measure assets and liabilities? Give examples of mixed attributes from the financial statements of PALTEL GROUP.

the other qustions will be in another post