Prepare a consolidated statement of profit and loss and other comprehensive income for the year ended 31 December 20x6

Business/Management

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Here is the consolidated statement of profit and loss and other comprehensive income for the year ended 31 December 20x6:

Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the year ended 31 December 20x6

  1. Calculate Consolidated Revenue.

    Consolidated Revenue = Parent's Revenue + Subsidiary's Revenue - Inter-company Sales
    Consolidated Revenue = 1,200,000 (Zark) + 400,000 (Kora) - 50,000 (Inter-company sales)
    Consolidated Revenue = 1,550,000

  2. Calculate Consolidated Cost of Sales.

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