Reference no: EM132708891
The accountant for Optic Co. has determined the following information for the year ended, December 31, 2021.
Profit or loss 300,000
Share of total comprehensive income after tax of associates 20,000
Share of profit (after tax) of associates 15,000
Exchange difference gain (net of tax of P3,000) on translation of
foreign operation up to the date sold (October 1, 2021) 7,000
Exchange difference gain (net of tax of P9,000) on disposal of
foreign operation recognized in profit for the year 21,000
Increase in asset revaluation surplus (net of tax) 45,000
Problem 1: What is the total amount of other comprehensive income for Optic Co. for the year ended, December 31, 2021?
a. 36,000
b. 57,000
c. 51,000
d. 72,000
|
Estimate the dollar amount of the total depreciation
: Estimate the dollar amount of the total depreciation that will be contained in Cost of Goods Sold. (Round dollar values & enter as whole dollars only.)
|
|
What is the subsidiary income recognized by uncle
: Assume that Uncle applies the equity method to account for this investment in Nephew. What is the subsidiary's income recognized by Uncle in 2018?
|
|
MHH624713 Industrial Studies Assignment
: MHH624713 Industrial Studies Assignment Help and Solution, National University of Science and Technology - Assessment Writing Service
|
|
What is the issue price if the are to yield six percent
: What is the issue price if the are to yield 6%? On January 1, 2019 EWO Enterprises issued $1,500,000 of 4% 7-year bonds. Interest payable semiannually one June
|
|
What is the total amount of other comprehensive income
: The accountant for Optic Co., What is the total amount of other comprehensive income for Optic Co. for the year ended, December 31, 2021?
|
|
What is the lessee appropriate accounting
: On January 1, Year 1, Lessee entered into a 4-year lease. If no initial direct costs are incurred, what is the lessee's appropriate accounting?
|
|
Describe the three components that influence performance
: Describe the three components that influence individual performance. Briefly describe the four motivation theories mentioned in the text.
|
|
What amount of interest revenue should included in sunland
: The present value of $1 at 9% for three periods is 0.77. What amount of interest revenue should be included in Sunland's 2021 income statement?
|
|
Establish a detailed hr strategies to assist an organization
: As an HR Professional, can you establish a detailed HR strategies to assist an organization to transform the human resource function to a strategic business.
|