The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income
The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income tax applicable to loss on discontinued operations R$25,500, and unrealized holding gain on non-trading equity securities R$15,000.
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Ordinary shares outstanding during 2019 were 100,000.
Instructions
a. Prepare a comprehensive income statement for 2019 using the one statement approach.
b. Prepare a retained earnings statement for 2019.
Step by Step Solution
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Step: 1
a VEGA SA Statement of Comprehensive Income For the Year Ended December 31 2019 Sales R1700000 Cost ... View full answer
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Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
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