The following information pertains to Junction Ltd Corporation: Income from continuing operations: $1,238,000 Loss...
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The following information pertains to Junction Ltd Corporation: • Income from continuing operations: $1,238,000 • Loss from discontinued operations: $133,000 • Gain on sale from discontinued operations: $27,900 • Net foreign exchange gain (loss) on translation of foreign operation: $31,980 • Net gain (loss) relating to cash flow hedges: $9,570 • Actuarial losses on net defined-benefit plans: $23,100 • Revaluation gains: $12,600 Required: Prepare a partial continuous statement of comprehensive Income for Junction Ltd. Calculate the tax for each required component (include income tax as a separate item for the components to which they relate using a tax rate of 20%). Income from continuing operations Other comprehensive income: Items that will not be reclassified: JUNCTION LTD Statement of Comprehensive Income Year ended 31 December 0 0 The following information pertains to Junction Ltd Corporation: • Income from continuing operations: $1,238,000 • Loss from discontinued operations: $133,000 • Gain on sale from discontinued operations: $27,900 • Net foreign exchange gain (loss) on translation of foreign operation: $31,980 • Net gain (loss) relating to cash flow hedges: $9,570 • Actuarial losses on net defined-benefit plans: $23,100 • Revaluation gains: $12,600 Required: Prepare a partial continuous statement of comprehensive Income for Junction Ltd. Calculate the tax for each required component (include income tax as a separate item for the components to which they relate using a tax rate of 20%). Income from continuing operations Other comprehensive income: Items that will not be reclassified: JUNCTION LTD Statement of Comprehensive Income Year ended 31 December 0 0
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
Posted Date:
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