1 Reclassification adjustment for cumulative translation gain 25,000

Less: Income tax expense 10,000

15,000 d

2a

3 Actuarial gain or loss on defined benefit plan -6,000

Unrealized gain on FVOCI securities 30,000
Reclassification adjustment for cumulative gain on
translation of foreign operation included in profit or loss -5,000
Profit for the year 154,000
Total Comprehensive Income 173,000

4 Advertising expense 146,000

Less: Cost of printing catalogs 15,000
Add: Payment of Clark 9,000
140,000 c

5 Company Contributions 250,000

Add: Health and Human-servicee Organizations 140,000
Less: Employee Contribution 80,000
Charitable Contribution Expense 310,000 a
 6 Finished Goods Inventory
FG, beg 400,000
360,000 FG, end
Cost of Goods Manufactured 200,000 240,000 Cost of Sales
600,000 a

7 Excess of credit over debits (600,000 - 420,000) 180,000

Add: Loss on early retirement of long-term debt 20,000
Income from continuing operations 200,000
Less: Tax (200,000 x 30%) 60000
a Income after income taxes from continuing operation 140,000 c

8 Advertising 150,000
Add: Freight-out 80,000
Add: Rent for office space (220,000 x 1/2) 110000
Add: Sales salaries and commissions 140,000
Brock's Total Selling Expenses 480,000 a

9 Accounting and legal fees 25,000

Add: Officers' salaries 150,000
Insurance 85,000
General and Administrative Exp 260,000 a
1 Inventory - diesel 4,000,000 6
Inventory - premium 3,500,000
Gain on exchange 500,000 d 7

2 Inventory -diesel 3,800,000 8

Inventory - premium 3,000,000
Inventory on exchange 0e 9

3 Sale to customer W 5,000 10

Sale to customer X 20,000
Sales return (20,000 x 0.10) -2,000 18,000
Sale to customer Y 10,000
Sales return (10,000 x 0.05) -500 9,500
Sale to customer Z 0
Sale to customer Voiz&Gurlz 10,000
Total net sales revenues 42,500 b

4 Parts sold on January 20x1 4,000,000

Parts sold on July 20x1 2,000,000
Revenue 6,000,000 a

5 Ordessos 200,000
Agent (200,000 x 0.15) 30,000 d
Cash selling price 7,900 a

Transaction price 8,000 d

Revenue (154,000 x 3 months / 48 months) 9,625 a

Cost incurred to date 152,000 b

1 Cash ( -10,000 + 30,000) 20,000
AR, net 35,000
Inventory 58,000
Prepaid expense 12,000
Non-current assets classified as held for sale 100,000
Total current assets 225,000 a

2 Building (12,000,000 x 4/5) 9,600,000 b

3 Building (12,000,000 x 4/5) 9,600,000

Cost to sell (8,000,000 - 100,000) -7,900,000
Impairment loss 1,700,000 c
4 Impairment loss (6,500,000 - 8,000,000 ###
Loss during 20x3 ###
Loss from discounted operations ### d

5 Estimated loss on sale -700,000

Loss during 20x3 -200,000
Loss from discounted operations -900,000 d