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complete the income statement of model company in the nature of expenses format, writing in the proper line items that you select from above in
complete the income statement of model company in the nature of expenses format, writing in the proper line items that you select from above in proper sequence
5. [20% of test] An Illustrative IFRS income statement of Model Company includes these line items Changes in inventories of finished goods and work in progress. Finance costs Work performed by the entity and capitalized Other income Raw materials and consumables used Distribution costs. Administrative expenses Employee benefits expense. Other expenses Depreciation and amortization expense Impairment of property, plant, and equipment. Gain ( loss) from discontinued operations Share of profit of associates tncome tax expense. Profit-attributeble to: Equity holders of the parent Profit attributabte to: Minority interest Required: Complete the Income Statement of Model Company in the nature of expenses format, writing in the proper line items that you select from above in proper sequence. MODEL COMPANY Income Statement For the year ended 31 December 20xX Nature of Expenses Format Revenue Less: Profit before tax Profit for the period from continuing operations Profit for the period Attributable to Attributable toStep by Step Solution
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