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Make a statement of comprehensive income in statement

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Reference no: EM132787690

For the fiscal year ending December 31, 2020, Oriole Ltd. reported sales revenue of $7,345,000 and cost of goods sold of $5,885,000. The company had selling and administrative expenses of $555,000. During the year, the company sold some equipment for a gain of $30,000, and had unrealized holding gains on investments designated as fair value through other comprehensive income (OCI) of $6,000.

Problem 1: Make a statement of comprehensive income in two separate statements. Ignore taxes and earnings per share (EPS). Oriole Ltd. follows IFRS.

Reference no: EM132787690

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