Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
How much is the comprehensive income
Assignment Instructions
Assignment ID: FG133142948
Question – The related data of Jona Company:
Cost of goods sold P 1,875,200
Dividends income 50,000
Income from discontinued operations 28,500
Income tax expense 357,800
Interest income 9,000
Net remeasurement gain 57,600
Sales 3,920,000
Sales discount 30,000
Sales returns and allowances 25,000
Selling and administrative expenses 500,800
Additional information – At the beginning of the year, the entity issued bonds payable with a face amount of P2,000,000 for P1,920,000.
The nominal rate of the bonds is 12% and the entity irrevocably designated the fair value option.
At year-end, the fair value of the bonds payable is P1,985,000 wherein, P30,000 is due to other than credit risk.
Required –
1. How much is the net income?
2. How much is the comprehensive income?
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