Question 2: ..... (50 marks)

In the following table, the balances of some accounts appearing in the trial balance of Al-Sharq Foodstuff Company for the fiscal year ending on 12/31/2020 (amounts in dinars):

Required: 1- Preparing the comprehensive income statement (with multiple steps) for the fiscal year ending on 12/31/2020, so that it meets the disclosure requirements in accordance with international accounting standards (20 marks). 2- Calculate basic earnings (loss) per share for the year 2020, earnings (loss) per share from continuing operations for the year 2020, and earnings (loss) per share from non-continuing operations for the year 2020, and explain the nature of the relationship between the three previous values, knowing the following: (10 Signs) A. On 1/1/2020, the number of shares of Al-Nujoom Company was one million ordinary shares, with a nominal value of 1 dinars per share, and the company had 500,000 preferred shares with a nominal value of one million dinars, giving profits of 7% B. On May 1, 2020, the company increased its capital by issuing an additional 400,000 ordinary shares, which were sold at a price of 2.5 dinars per share. 3- Preparing a one-step income statement. Do you think there will be a difference in the results? Explain this with an explanation. (20 marks)

The amount is in dinars	Statement
27600	Real estate rental income
22000	Interest expense and receivable commissions
3500	Foreign currency translation differences
4000	Revaluation surplus of property and equipment
629500	the sales
18200	Sales returns and allowances
11300	Sales discount
55000	Salaries and wages expenses (65% are administrative expenses, and the rest is sold)
9900	Total rental, stationery and other administrative expenses
16400	Depreciation expense for non-current assets (75% of administrative expenses, and the remainder for sale)
6700	Total sales staff commissions, advertising and other sales
28400	Profits from the sale of the freezer section - (the section has been canceled, and the amount mentioned is before deducting income tax, the tax rate on the company is 15%)
50000	Inventory of goods at the beginning of the period
4500	Real estate rental income received in advance
315000	purchase cost during the period
28000	Proposed dividends to be distributed (announced)
25000	Inventory of goods at the end of the period
12500	Transfers and travel of sales staff
15400	Stock investment earnings
156000	Retained earnings 1/1/2020
2000	interest income
2500	Machine sales losses
7800	Advertising expense
13200	Profits from the sale of land
5100	Losses on the sale of investments