Violet Bick SA owns a number of cruise ships and a chain of hotels. The hotels, which

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Violet Bick SA owns a number of cruise ships and a chain of hotels. The hotels, which have not been profitable, were discontinued on September 1, 2017. The 2017 operating results for the company were as follows.
Operating revenues .................. €12,900,000
Operating expenses ..................... 8,700,000
Operating income .................... € 4,200,000
Analysis discloses that these data include the operating results of the hotel chain, which were operating revenues €2,000,000 and operating expenses €2,500,000. The hotels were sold at a gain of €300,000 before taxes. This gain is not included in the operating results. During the year, the company had an unrealized gain on non-trading securities of €150,000. In 2017, the company had other expense of €200,000, which is not included in the operating results. The corporation is in the 30% income tax bracket.
Instructions
Prepare a condensed statement of comprehensive income?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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