Comprehensive Income Statement

Running head: 71201 FINANCIAL ACCOUNTING
71201 Financial Accounting
Name of the Student
Name of the University
Author Note

1
71201 FINANCIAL ACCOUNTING
Table of Contents
Answer to Question 1...................................................................................................................2
Bibliography.................................................................................................................................8

2
71201 FINANCIAL ACCOUNTING
Answer to Question 1
a) Statement of Comprehensive Income
Statement of Comprehensive Income as on 31/12/19
Particulars Amount
Net Income including non-controlling interests 1699990
Other Comprehensive Income (loss), net of tax:
Gain on asset revaluations 28800
Loss on Financial Assets held for resale -18000
Gain on translation of foreign operations 12960
Total Other Comprehensive income (loss), net of tax 23760
Total Other Comprehensive income (loss), attributable
to entity
1723750
Statement of Financial Position
Assets Amount
Current Assets:
Accounts Receivable, Net 137750
Cash at Bank 46000
Inventory 250000
Term Deposit 60000
Total Current Assets 493750
Buildings, Net 737000