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Ayayai Corporation was incorporated and began business on January 1, 2023. It has been successful and now requires a bank loan for additional capital to
Ayayai Corporation was incorporated and began business on January 1, 2023. It has been successful and now requires a bank loan for additional capital to finance an expansion. The bank has requested an audited income statement for the year 2023 using IFRS. The ... . . . . ... it to the bank: Ayayai had 100,000 common shares outstanding during the year and has an effective tax rate of 20%. Gains/losses on FV-OCI equity investments are not recycled through net income. (b) Prepare a revised single-step statement of comprehensive income. (Round per share answers to 2 decimal places, e.g. 52.75.) $ $ uo!le.odo !e
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