Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct answer without explanation Question 39 Not yet answered Marked out of 1.00 P Flag question Awash Company provided the following unrealized gains and losses

image text in transcribed

Direct answer without explanation

Question 39 Not yet answered Marked out of 1.00 P Flag question Awash Company provided the following unrealized gains and losses for the year ended 31st December 2019 Net income during the year 2019 - RO 123,800 Loss of cumulative translation adjustments - RO 1,150 Retirement plan and other retiree benefit adjustments (loss) -RO 2,220 Gain on trading of available for sale securities - RO 880 Unrealized loss of investment in securities - RO 3,170 Loss on pension adjustments - RO 900 Gain on foreign currency translation - RO 3,500 Evaluate the above and show the Comprehensive income of Awash Company for the year 2019. a. RO 117,240 b. RO 126,860 c. RO 123,800 d. RO 120,740

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Notation What does the notation za indicate?

Answered: 1 week ago