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EX1: Discounting Operation: Other Comprehensive Income

The document provides a consolidated comprehensive income statement for ABC Corporation for the year 2020 including net income, other comprehensive income items such as unrealized gains and losses on investments and translation gains and losses on foreign currency, resulting in total comprehensive income. A second example shows a net income calculation that includes income from continuing operations, income from discontinuing operations before tax, and income from disposal before tax with a 10% tax rate applied to discontinuing operations income, giving a total net income.

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45 views1 page

EX1: Discounting Operation: Other Comprehensive Income

The document provides a consolidated comprehensive income statement for ABC Corporation for the year 2020 including net income, other comprehensive income items such as unrealized gains and losses on investments and translation gains and losses on foreign currency, resulting in total comprehensive income. A second example shows a net income calculation that includes income from continuing operations, income from discontinuing operations before tax, and income from disposal before tax with a 10% tax rate applied to discontinuing operations income, giving a total net income.

Uploaded by

AA BB MM
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ABC Corporation

Consolidated Comprehensive Income Statement for the year ended 2020

(numbers are in thousands dollars $)

Net Income xx
Other comprehensive income
Unrealized gains on available for sale investment Xx
Unrealized loss on available for sale investment (xx)
Translation gains on foreign currency Xx
Translation loss on foreign currency (xx)
Comprehensive income xx

EX1: Discounting operation


Net income from continuing operation 1000
Discontinuing operations
Income from operation before tax 200
Income from disposal before tax 100
Income tax 10%

Income from continuing operation 1000


Discontinuing operations
Income from operation 200
Income from disposal 100
300
(-) Income tax 300 * 10% (30) 270
Net income 1270

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