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Below is the information regarding PT KLM for the period ended on December 31, 2019 (in thousand Rupiah). Surplus Revaluation on Fixed Assets (before tax)
Below is the information regarding PT KLM for the period ended on December 31, 2019 (in thousand Rupiah). Surplus Revaluation on Fixed Assets (before tax) 650,000 Sales 1,600,000 Selling and Administration Expense 250,000 Loss on the sales of Division A (before tax) 260,000 Loss on the operation of Division A (before tax) 40,000 Cost of Goods Sold 840,000 Gain on Difference in Calculation of Correction of Errors in 2018 520,000 Other income 120,000 Impairment Loss 130,000 20,000 Interest expense Sales Return and Allowance 100,000 PT KLM is a merchandising company. In 2019, PT KLM closed the operations of division A. In 2018, an error was found in the form of unrecognized revenue in 2018, so that the 2017 profit was understated (Ignore the tax effect of the 2018 error correction). Instructions: Prepare statements of profit or loss and other comprehensive income for the period ended 2018 in the correct format. Assume the tax rate is 30%
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