Question
1 Reach Out Card Company Limited reported the following for 2014: net sales revenue $1.15 million; cost of goods sold $718,750; selling and administrative expenses
1
Reach Out Card Company Limited reported the following for 2014: net sales revenue $1.15 million; cost of goods sold $718,750; selling and administrative expenses $348,000; gain on disposal of building $301,000; and unrealized gain-OCI (related to fair value through OCI investments) $15,000. The company accounts for its investments in accordance with IAS 39.
Prepare a statement of comprehensive income. Ignore income tax and EPS.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
