Matchless The Statement Of Comprehensive Income
Cost of sales 1100000 Gross Profit 2100000 Other income - Interest income 360000 - Rental income 40000 400000 Operating expenses - Bad debt expense 220000 220000 Administration.
The statement of comprehensive income. Another way to look at comprehensive income is as other income. Ad See the Financial Statement Tools your competitors are already using - Start Now. A statement of comprehensive income is the overall income statement that consolidates standard income statement which gives details about the repetitive operations of the company and other comprehensive income Other Comprehensive Income Other comprehensive income refers to income expenses revenue or loss not being realized while preparing the companys financial statements.
F This means the share of associates other comprehensive income attributable to owners of the associates ie it is after tax and non-controlling interests in the associates. Total comprehensive income before attribution of non-controlling interests 2 493. The statement of comprehensive income should be presented immediately after the income statement.
GetApp helps more than 18 million businesses find the best software for their needs. A statement of comprehensive income provides a detailed summary of a companys net assets over a particular period. Refer to the statement of comprehensive income illustrating the presentation of income and expenses in one statement.
The rationale under which the entities use for presenting additional line items headings and. Explain the rationale for presenting additional line items headings and subtotals in the statement of comprehensive income. It includes all changes in equity during a period except those resulting from investments by owners and distribution to owners.
Total comprehensive income attributable to. Both cover the same time period but the statement of comprehensive income has two major sections. The gain is not realised until the asset is.
The statement of comprehensive income. Comprehensive income also known as all-inclusive concept of income is the change in equity net assets of an entity during a period from transactions and other events and circumstances from non-owner sources. GetApp helps more than 18 million businesses find the best software for their needs.