On January 1, 2021, Zhang Inc. had cash and share capital of P5,000,000. At that date, the company had no other asset, l
Posted: Fri Jul 01, 2022 8:52 am
On January 1, 2021, Zhang Inc. had cash and share capital ofP5,000,000. At that date, the company had no other asset,liability, or equity balances. On January 5, 2021, it purchased forcash P3,000,000 of equity securities that it classified asavailable-for-sale. It received cash dividends of P400,000 duringthe year on these securities. In addition, it has an unrealizedloss on these securities of P300,000. The tax rate is 20%. Computethe amount of comprehensive income.
a. P100,000
b. P80,000
c. P320,000
d. P300,000
a. P100,000
b. P80,000
c. P320,000
d. P300,000