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Shingle continuous statement of comprehensive income the following income statement items appeared on the adjusted child balance of XYZ corporation for the year ended December
Shingle continuous statement of comprehensive income the following income statement items appeared on the adjusted child balance of XYZ corporation for the year ended December $ amounts in thousands sale revenue cost of good sold selling expenses general administrative expenses interest revenue interest expense income taxes have not yet been recorded the companies income tax rate is on all items of income or loss these revenue and expenses items appear in the companies income same and every year the companies controller however has asked for your help in determining the appropriate treatment of the following nonrecurring track transactions that also occurred during dollar amount thousand all transactions are material and amount one investments were sold during the year at a loss of XYZ also had an invite unrealized gain of for the year on investments the unrealized gain represent a decrease in the fair value of securities and classified as part of other comprehensive income to one of the companies factories was closed during the year which structuring cost incurred were during the year XYZ completed the sale on one of its operating divisions that qualifies as a component of the entity according to gap regarding discontinued operations division has incurred operating loss of prior to the sale and it's assets were sold at gain of for a positive foreign currency translation adjustment for the year totaled $ cost of good sold in includes an increase of million to an under estimate of cost of good sold in six shares of common stock were outstanding as of the following additional issuance of shares occurred during four issued shares based on all the information provided answering the following questions as they would appear in a single continuous multi step statement of comprehensive income for
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