Q3. A. What do you understand by allocation to non-controlling interest and discontinued operations? Explain how are they reported in the income statement.

Presented below are a number of statement of financial position items for ABC, Inc., for the current year, 2020.
Goodwill	SR 125,000	Accumulated Depreciation - Equipment	SR 292,000
Payroll Taxes Payable	177,591	Inventories	239,800
Bonds Payable	285,000	Rent Payable - Short-term	45,000
Cash	360,000	Taxes Payable	98,362
Land	480,000	Long-term Rental Obligations	480,000
Notes Receivable	445,700	Share Capital - Ordinary, $1 Par Value	200,000
Notes Payable to Banks	265,000	Share Capital - Preference, $10 Par Value	150,000
Accounts Payable	490,000	Prepaid Expenses	87,920
Retained Earnings	713,897	Equipment	1,470,000
Income Taxes Receivable	97,630	Trading Securities	121,000
Unsecured Notes Payable (Long-term)	1,600,000	Accumulated Depreciation - Building	270,200
		Building	1,640,000

Prepare a classified statement of financial position in good form as per IFRS.

Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of trading securities are the same