Chapter 3 —- Statement of Comprehensive Income

Interest income 300,000

Cumulative unrealized net gains from FVTOCI investments 2,750,000
Remeasurement gain from plan assets 800,000
Actuarial losses from defined benefit obligation 950,000
Ending inventory 2,350,000
Interest expense 200,000

Required: From the given information, determine the Company’s (a) profit or loss;
(b) net other comprehensive income; and (c) total comprehensive income.

2. MIGUEL Company had the following information during the year 2023:

Impairment amount related to a land P1,800,000

Revaluation surplus related to the impaired land 1,250,000
Service revenues 16,500,000
Loss on sale of machinery 750,000
Gain on sale of equipment 400,000
Interest income 380,000
Interest expense 210,000
Cost of services 6,500,000
Cumulative translation loss 700,000
Translation gain during the year 250,000
Depreciation expense 2,800,000
Salaries expense 3,000,000
Utilities expense 950,000
Contributions from owners 4,400,000
Dividends distributed to owners 2,000,000
Retirement costs arising from service costs 1,000,000
Retirement costs arising from net actuarial losses 900,000
Share in associate’s loss 450,000
Share in associate’s revaluation increase of its PPE 200,000
Unrealized gain from debt securities at FVTOCI 300,000
Unrealized loss from equity securities at FVTOCI 600,000

Required: From the given information, determine the Company's (a) profit or loss:
(b) net other comprehensive income; and (c) total comprehensive income.

3, DAMIAN Company had the following information during the year 2023:
Unrealized gain from cash flow hedge P700,000
Revaluation increase of land 1,600,000
Previous impairment loss on land 400,000
Revaluation decrease of building 2,400,000
Revaluation surplus related to the building 1,800,000
Revenues 8,000,000
Other income 600,000
Loss on sale of furniture and fixtures 500,000
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