Required: Prepare a comprehensive income statement for 2022 using the one statement approach. The following information was
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Prepare a comprehensive income statement for 2022 using the one statement approach.
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The following information was taken from the records of Wildhorse SA for the year 2022: Income tax applicable to income from continuing operations R$ 136,000; income tax applicable to loss on discontinued operations R$28,900, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$17,100. Gain on sale of plant assets Loss on discontinued operations Administrative expenses Rent revenue Loss on impairment of land R$ 110,000 85,500 277,000 49,000 68,400 Cash dividends declared Retained earnings January 1, 2022 Cost of goods sold Selling expenses Sales revenue Ordinary shares outstanding during 2022 were 100,000. R$ 171,000 684,000 969,000 342,000 1,938,000 The following information was taken from the records of Wildhorse SA for the year 2022: Income tax applicable to income from continuing operations R$ 136,000; income tax applicable to loss on discontinued operations R$28,900, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$17,100. Gain on sale of plant assets Loss on discontinued operations Administrative expenses Rent revenue Loss on impairment of land R$ 110,000 85,500 277,000 49,000 68,400 Cash dividends declared Retained earnings January 1, 2022 Cost of goods sold Selling expenses Sales revenue Ordinary shares outstanding during 2022 were 100,000. R$ 171,000 684,000 969,000 342,000 1,938,000
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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