Question
Heimdall Psychics, located in Asgard, reported a number of special items on its income statement. The following data, listed in no particular order, came from
Heimdall Psychics, located in Asgard, reported a number of special items on its income statement. The following data, listed in no particular order, came from Heimdall's financial statements (amounts in thousands):
Income tax expense (savings)
Income tax expense (savings)
Continuing operations
$515
Discontinued operations
56
Unrealized gain on derivatives
15
Short-term investments
25
Net sales
18,300
Foreign-currency translation adjustment (gain)
320
Income from discontinued operations
311
Dividends declared and paid
860
Total operating expenses
16,250
How do I Prepare the Heimdall Psychics comprehensive income statement for the year ended September 31, 2016? Omit earnings per share.
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