The following information was taken from the records of Blossom SA for the year 2022: Income tax applicable to income from continuing operations R$148,000; income tax applicable to loss on discontinued operations R$31,400, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$18,600. Gain on sale of plant assets Loss on discontinued operations Administrative expenses Rent revenue Loss on impairment of land R$120,000 93,000 302.000 54,000 74,400 Cash dividends declared Retained earnings January 1, 2022 Cost of goods sold Selling expenses Sales revenue Ordinary shares outstanding during 2022 were 100,000. R$186,000 744,000 1,054,000 372,000 2,108,000

The following information was taken from the records of Blossom SA for the year 2022: Income tax applicable to income from continuing operations R$148,000; income tax applicable to loss on discontinued operations R$31,400, and unrealized holding gain on equity securities designated at fair value through other comprehensive income R$18,600. Gain on sale of plant assets Loss on discontinued operations Administrative expenses Rent revenue Loss on impairment of land R$120,000 93,000 302.000 54,000 74,400 Cash dividends declared Retained earnings January 1, 2022 Cost of goods sold Selling expenses Sales revenue Ordinary shares outstanding during 2022 were 100,000. R$186,000 744,000 1,054,000 372,000 2,108,000

Name: Do not give answer in image Prepare a comprehensive income statement f
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Description: Do not give answer in image Prepare a comprehensive income statement for 2022 using the one statement approach. (Round earningsper share to 2 decimal places, e.g. 1.48.)OOOOOBLOSSOM SAStatement of Comprehensive IncomeOOOOOOR$R$MUDR$41 The following i

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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