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What total amount of disposal group losses should be

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Reference no: EM132817754

Problem 1: Red Company has correctly classified the packaging operations as a disposal group held for sale and as discontinued operation. For the year ended December 31, 2018, this disposal group incurred trading loss after tax of P2,000,000 and the loss on remeasuring it to fair value less cost of disposal was P1,500,000. What total amount of disposal group's losses should be included in profit or loss for the year ended December 31, 2018?

a. 3,500,000

b. 2,000,000

c. 1,500,000

d. 0

Reference no: EM132817754

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