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Question 1 (5 Marks) Prepare statement of Comprehensive Income from the information given below of ABC SAOC for the year ended 31st December 2018: Sales
Question 1 (5 Marks) Prepare statement of Comprehensive Income from the information given below of ABC SAOC for the year ended 31st December 2018: Sales Revenue 19,438,619 Cost of Goods Sold 13,660,250 Other Incomes 95,860 Salaries and other Employees related Cost 2,170,150 General and Adminitsrative Expenses 430,320 Selling and Distribution Expenses 235,220 Net Finance Cost 13,272 Taxation 130,630 Fair Value gain on Financial Assets 158,540 Unrealized holding loss on Investments classified as available for sale 23,620
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