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What is the amount of profit or loss of Joyce Company

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Reference no: EM132978627

Question - Joyce Company reported the following information for 2023: Sales revenue 500,000 Cost of goods sold (350,000)

Operating expenses (55,000)

Unrealized holding gain on equity investment 20,000

Cash dividends received on the securities 2,000

Exchange differences on translating foreign operations 30,000

Remeasurement gains on defined benefit pension plans 45,000

Share of other comprehensive income of associate (65,000)

Dividends paid on ordinary share capital (80,000)

Dividends paid on preference share debt security (30,000)

Required - What is the amount of profit or loss of Joyce Company for year 2023?

Reference no: EM132978627

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