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$186,000 744,000 1,054,000 372,000 2,108,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare a comprehensive income statement for 2022 using the one statement approach. (Round earnings
per share to 2 decimal places, e.g. 1.48.)
O
O
O
O
O
BLOSSOM SA
Statement of Comprehensive Income
O
O
O
O
O
O
R$
R$
MUD
R$
41
Transcribed Image Text: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
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