Question
The records of JMT Co. on December 31, 2021 showed the following information: Sales 2,000,000 Sales discounts 20,000 Cost of sales 800,000 Distribution costs 96,000
The records of JMT Co. on December 31, 2021 showed the following information:
Sales | 2,000,000 |
Sales discounts | 20,000 |
Cost of sales | 800,000 |
Distribution costs | 96,000 |
Administrative costs | 240,000 |
Casualty loss on typhoon | 40,000 |
Dividends received from investments in FVPL | 24,000 |
Dividends received from investment in associate | 48,000 |
Share in the profit of an associate | 72,000 |
Dividends declared and paid | 28,000 |
Interest expense | 44,000 |
Unrealized gain on investments in FVPL | 30,000 |
Unrealized gain on investments in FVOCI | 38,000 |
Income tax expense | 300,000 |
Loss on revaluation | 26,000 |
Remeasurements of the net defined benefit liability (asset) - gain | 22,000 |
Correction of understatement in depreciation in prior year | 32,000 |
Translation adjustment of foreign operation loss | 8,000 |
How much is the other comprehensive income(loss)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started