Question: The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income

The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income tax applicable to loss on discontinued operations R$25,500, and unrealized holding gain on non-trading equity securities R$15,000.

The following information was taken from the records of Vega SA for


Ordinary shares outstanding during 2019 were 100,000.


Instructions

a. Prepare a comprehensive income statement for 2019 using the one statement approach.

b. Prepare a retained earnings statement for 2019.

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