JJ Prime Company provided the following information for the current year: Income from continuing operations 2,000,000 Income from discontinued operations 250,000 Unrealized gain on financial asset classified as FVPL 400,000 Unrealized loss on equity investment classified as FVOCI 500,000 Unrealized gain on debt investment classified as FVOCI 600,000 Unrealized gain on forward contract designated as cash flow hedge 200,000 Translation loss on foreign operation 100,000 Net actuarial gain on defined benefit plan 300,000 Loss on credit risk of a financial liability designated as FVPL 150,000 Revaluation surplus during the current year 1,250,000

1. What amount should be reported as profit for the current year? A. 2,000,000 B. 2,250,000 C. 2,400,000 D. 2,650,000 2. What net amount should reported as other comprehensive income for the current year? A. 350,000 B. 1,600,000 C. 1,750,000 D. 2,000,000 3. What net amount in other comprehensive income that may be reclassified to profit or loss? A. 200,000 B. 700,000 C. 900,000 D. 1,600,000 4. What net amount in other comprehensive income that may not be reclassified to profit or loss? A. 200,000 B. 700,000 C. 900,000 D. 1,600,000 5. What amount should be reported as comprehensive income for the current year? A. 2,600,000 B. 3,600,000 C. 3,850,000 D. 4,250,000

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