rory has run a succesful proprietorship for the past four years
12 stay in Protected View. Information for XX Corporation for 2024 follows: Retained Earnings, January 1, 2024 Sales Revenue COGS Interest Income Sales Salaries Depreciation expense - Selling Equip. Selling Supplies Expense Unrealized Loss on FV-OCI Invest (net of tax) Loss on Sale of Equipment Administrative Expenses Assessment for Additional Income Tax for 2022 (normal, recurring) Gain on Sale of FV-NI Invest (normal,recurring) Loss from Expropriation Loss from Operation of Discontinued Division (net of tax of $60,666.66) Loss from Disposal of Discontinued Division (net of tax of S113,333.33) Dividends Declared on Preferred Shares Dividends Declared on Common Shares $2,110,000 48,575,000 29,466,000 145,000 780,000 1,200,000 2,100,000 2,540,000 305,000 2,200,000 1 200,000 160,000 150,000 182,000 340,000 548.000 1,410,000 90 words . Inscontinued Division (act of tax of 56066666) Loss from Disposal of Discontime Division (act of tax of $113.333.35) Dividends Dedated on Preferred Shares Dividends Dedared on Common Shares 182.000 340.000 518 000 1.410,000 XX Corp decided to disco iscredit services (moine of business) and to keep its main den D034 there were 100.000 Corp's tax rate 25% opening comed allt and loses (ine the role where to provides sentim) x Coep prefacilitate is Required Prepare a multiple-step steent of comprehend by foco Include EPS Practice Problem 1) - ASSIGNMENT #2 Information for XX Corporation for 2024 follows: Reted meg, mary 1,304 Sales New COGS S. 435 Deprecates Selling Spise The LeFV Obetalex Los e Sale Arte Ames for Adult Gas Sale Finest Los trompe Dil Dritters of Dapeal Dec Dofusef113,333.33 Dividers Declared Preferred Sures Divide De Ches 5.00 14 XX Corp. decided to discontinue its credit services division (a major line of business) and to keep its retailing division. During 2024, there were 3,200,000 common shares outstanding all year. XX Corp.'s tax rate is 25% on operating income and all gains and losses (use this rate where tax provisions are not given). XX Corp, prepares financial statements in accordance with IFRS Required Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS XX Corp. decided to discontinue its credit services division (a major line of business) and to keep its retailing division. During 2024, there were 3,200,000 common shares outstanding all year. XX Corp. 's tax rate is 25% on operating income and all gains and losses (use this rate where tax provisions are not given). XX Corp. prepares financial statements in accordance with IFRS. Required: Prepare a multiple-step statement of comprehensive income showing expenses by function. Include calculation of EPS