Reference no: EM132572752
Question - The alphabetical list of items that may be relevant in the preparation of statement of comprehensive income of Daniel Corporation is provided below:
Actuarial gains on defined benefit pension plans recognized outside profit or loss P1,333
Decrease in inventories of finished goods and work in progress 107,900
Depreciation and amortization expense 17,000
Employee benefits expense 43,000
Exchange differences gain on translating foreign operations 10,667
Finance costs 18,000
Gains on property revaluation 3,367
Income tax expense 32,000
Income tax relating to components of other comprehensive income 9,334
Loss for the year from discontinued operations 30,500
Other expenses 5,500
Other income 11,300
Raw material and consumables used 92,000
Revenue 355,000
Share of other comprehensive income of associates (Unrealized loss on assets at FVOCI) 700
Share of profit of associate 30,100
Unrealized gain on assets at FVOCI 26,667
Unrealized loss on derivatives in an effective cash flow hedge 4,000
Work performed by the entity and capitalized 15,000
Required - Compute the other comprehensive income for the year?
a. P28,700
b. P28,000
c. P32,700
d. P93,500