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What follows is Duncan Ltd's Statement of Comprehensive Income for the financial year ending June 30, 2016, along with additional information that could be relevant
What follows is Duncan Ltd's Statement of Comprehensive Income for the financial year ending June 30, 2016, along with additional information that could be relevant to the question. Please note that there are no math errors. i. At the end of this financial year, Duncan Ltd decided to re-value its land classified as PP & E. There are two pieces of Land, one of which resulted in an initial increment of exist100,000 and the other in an initial decrement of exist80,000: thus, the exist20,000 of OCI, Gain shown under Other Comprehensive Income. ii. Duncan Ltd also re-values its Investment Property. You recognize that mistakes have been made in the preparation of the SOCI according to the content and format learned in class. Prepare a corrected SOCI
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