Reference no: EM132622088

Question - Divina Company provided the following information for the current year:

Income from continuing operations P4,000,000

Income from discontinued operations 500,000

Unrealized gain on financial asset-FVPL 800,000

Unrealized loss on equity investment - FVOCI 1,000,000

Unrealized gain on debt investment - FVOCI 1,200,000

Unrealized gain on futures contract designated

as a cash flow hedge 400,000

Translation loss on foreign operation 200,000

Net "remeasurement" gain on defined benefit plan 600,000

Loss on credit risk of a financial liability at FVPL 300,000

Revaluation surplus during the year 2,500,000

Required -

1. What amount should be reported as OCI for the current year?

a. 4,000,000 c. 3,200,000

b. 3,500,000 d. 700,000

2. What Net Should Be Reported As Oic?

3. What Ampunt Should Be Reported As Comprehensive Income?