Sales revenue Unrealized gain on FV-OCI equity investments Interest income Cost of goods sold Selling expenses Administrative expenses Dividend revenue $1,240,000 (a) 41,000 7,000 744,000 62,000 47,000 19,000 Loss on inventory due to decline in net realizable value Loss on disposal of equipment Depreciation expense related to buildings omitted by mistake in 2022 Retained earnings at December 31, 2022 Loss from expropriation of land Dividends declared $80,000 35,000 56,000 960,000 61,000 46,000 The effective tax rate is 30% on all items. Bramble prepares financial statements in accordance with IFRS. The FV-OCI equity investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income. 8% Prepare a multiple-step statement of financial performance for 2023, showing expenses by function. Ignore calculation of EPS. (List other revenues and gains before other expenses and losses.)
Sales revenue Unrealized gain on FV-OCI equity investments Interest income Cost of goods sold Selling expenses Administrative expenses Dividend revenue $1,240,000 (a) 41,000 7,000 744,000 62,000 47,000 19,000 Loss on inventory due to decline in net realizable value Loss on disposal of equipment Depreciation expense related to buildings omitted by mistake in 2022 Retained earnings at December 31, 2022 Loss from expropriation of land Dividends declared $80,000 35,000 56,000 960,000 61,000 46,000 The effective tax rate is 30% on all items. Bramble prepares financial statements in accordance with IFRS. The FV-OCI equity investments trade on the stock exchange. Gains/losses on FV-OCI investments are not recycled through net income. 8% Prepare a multiple-step statement of financial performance for 2023, showing expenses by function. Ignore calculation of EPS. (List other revenues and gains before other expenses and losses.)
Chapter1: Financial Statements And Business Decisions
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