On January 1, 2011, Zhang Inc. had cash and share capital of ¥5,000,000. At that date,
the company had no other asset, liability, or equity balances. On January 5, 2011, it
purchased for cash ¥3,000,000 of equity securities that it classified as available-for-sale. It
received cash dividends of ¥400,000 during the year on these securities. In addition, it has
an unrealized loss on these securities of ¥300,000. The tax rate is 20%.
Compute the amount of comprehensive income.
a. ¥100,000
b.
Â¥80,000
c.
Â¥320,000
d.
Â¥300,000
can you explain why the answer is b $80,000?