Solution-Statement of comprehensive income

Statement of comprehensive income

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Reference no: EM131107519

HY is registered for VAT in Country X. HY purchased a consignment of goods for $70,000 plus VAT at the standard rate and then sold the goods for $138,000 inclusive of VAT at the standard rate. How much profit should HY record in its statement of comprehensive income for this consignment?

Reference no: EM131107519

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Statement of comprehensive income

Reference no: EM131107519

Reference no: EM131107519

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