Presented below is financial information related to the 2020 operations of Delgado Cruises SA. Maintenance and repairs

Question:

Presented below is financial information related to the 2020 operations of Delgado Cruises SA.

Maintenance and repairs expense

R$ 97,000

Utilities expense

10,000

Salaries and wages expense

144,000

Advertising expense

3,500

Ticket revenue

342,000

Other comprehensive income

4,200


Instructions

Prepare the 2020 income statement and comprehensive income statement for Delgado Cruises SA.

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Related Book For  answer-question

Financial Accounting with International Financial Reporting Standards

ISBN: 978-1119504306

4th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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