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What total amount should be included in the determination

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Problem 1: On June 30, 2019, Lim Company incurred a P1,000,000 net loss from a disposal of a business segment. Also, on June 30, 2019, the entity paid P400,000 property taxes assessed for the calendar year 2014. What total amount should be included in the determination of the net income or loss for the six-month interim period ended June 30, 2019?

a. 1,400,000

b. 1,200,000

c. 900,000

d. 700,000

Reference no: EM132769532

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