Comprehensive income
Oiseau Inc. reported the following for 2020:
$\begin{array}{llcc}
\text { Net sales............................................ } & \$1,470,000 \
\text { Cost of goods sold.............................. } &850,000\
\text { Selling and admin expenses ...............} &210,000\
\text {Loss on disposal of equipment.............. } &(12,000)\
\text {Unrealized gain OCL............................ } &14,000\
\end{array}$
Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS. Assume Oiseau follows IFRS.

Question

Comprehensive income
Oiseau Inc. reported the following for 2020:
 $\begin{array}{llcc}
  \text { Net sales............................................ } & \$1,470,000 \
 \text { Cost of goods sold.............................. } &850,000\
 \text { Selling and admin expenses ...............} &210,000\
 \text {Loss on disposal of equipment..............  } &(12,000)\
 \text {Unrealized gain OCL............................  } &14,000\
\end{array}$
 Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS. Assume Oiseau follows IFRS.

Quizplus · Accepted Answer

The Answer of Comprehensive income
Oiseau Inc. reported the following for 2020:
 $\begin{array}{llcc}
  \text { Net sales............................................ } & \$1,470,000 \
 \text { Cost of goods sold.............................. } &850,000\
 \text { Selling and admin expenses ...............} &210,000\
 \text {Loss on disposal of equipment..............  } &(12,000)\
 \text {Unrealized gain OCL............................  } &14,000\
\end{array}$
 Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS. Assume Oiseau follows IFRS.

Comprehensive Income Oiseau Inc Instructions Prepare a Statement of Comprehensive Income

Comprehensive Income
Oiseau Inc Instructions
Prepare a Statement of Comprehensive Income