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Q-1.(Chapter-3): A3-3 Income Statement Format: The following items were taken from the adjusted...

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Accounting

Q-1.(Chapter-3): A3-3 Income Statement Format:
The following items were taken from the adjusted trial balance of the Bremeur Corporation on 31
December 205. Assume an average 20% income tax on all items (including the divestiture loss). The
accounting period ends 31 December. All amounts given are pretax and are subject to the same
income tax rate. Bremeur had 30,000 shares outstanding at the beginning of the year. On 31 August
205, an additional 9,000 shares were issued; at the end of 205,39,000 shares were outstanding.
Required: (14 Marks) Prepare a multi-step Statement of Comprehensive Income, in good form, on
functional basis.
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