Kindly answer the ffollowing with solution. Thank you!

1. Operating profit and loss figures for the seven segments of Helium Company are as follows: Segments Amount K P13,D00.000 L 1,200,000 M 7.800,000 N (2.400.040) (600,000) P 600,000 (1, 800.DO) P17 800 080 What segments are reportable based on the operating profit or loss criterion? (a) Segment k, 1, m, and p (b) Segments k, m, and n (c) Secretin, o, and q [d) None is reportable 2. Charm Company reported the following income statement for 2003: Sales P3,900,000 Cast of goods sold 2,600,00D Operating expenses paid for in cash 650,000 Depreciation 350,000 The general price index at the beginning of the year was 120. During the year, the index averaged 130 and stood at 140 by December 31. All sales, purchases and cash expenses accrued evenly throughout the year. Depreciation relates to the equipment acquired when the index was 100. Assuming there is no purchasing power gain or loss on net monetary items, net income in a constant purchasing power income statement is: (a) P300,000 [b) P700,000 [e) P350,000 [d) P210,000 3. Might Corporation purchased land for P3,000,000 on December 31, 2002 when the index was 120. The land was held until December 2003 when it was sold for P4,000,000. The index on December 31, 2003 was 140. The income statement in a hyperinflationary economy for 2003 should include how much gain or loss on the sale of land? (a) P1,000,000 gain (b) 1,000,000 loss (c) P500,000 gain [d) 500,000 los