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AAA Inc follows IFRS, and is preparing the year - end Comprehensive Income Statement. The corporate income tax rate is 2 0 % . Company
AAA Inc follows IFRS, and is preparing the yearend Comprehensive Income Statement. The corporate income
tax rate is Company yearend data for is as follows note: not all data may be required:
Answer the following, relating to the Comprehensive Income St with a brief comment, or a dollar amount.
You may show brief math, but to save time, limit your typing where possible.
A Determine the gross profit amount.
B Determine the "Other Revenues, Expenses, Gains Losses" total amount. In your answer, list the
items and each individual amount.
C Determine the Income from Continuing Operations, before tax.
D Determine the Income Tax Expense amount.
E Prepare the brief "Discontinued Division" section with the total dollar gain or loss amount.
F Determine "Net Income Loss amount.
G Determine the "Comprehensive Income" amount and include linenames and amounts.
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