Question
On January 1, 2022, the company had cash and capital of 60,000. At that date, the company had no other assets, liabilities or equity. On
On January 1, 2022, the company had cash and capital of 60,000. At that date, the company had no other assets, liabilities or equity. On January 2, 2022, it paid for the purchase of 20,000 shares. The company was paid 3,000 in dividends during the year from these securities. In addition, the company has an unrealized profit on these securities in the amount of 4,000 (after taxes). Calculate the following amounts for the year 2022 for the company: a) profit ,b) total profit c) other comprehensive income, d) accumulated other comprehensive income (year-end 2022).
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