Financial Statement Presentation Other Income

Cogd 300 000 gross profit 200 000.

Financial statement presentation other income. In income statement other income is presented after the other gross profit. Under ias 1 presentation of financial statements when items of income or expense are material a company discloses their nature and amount separately either on the face of the income statement or in the notes ias 1 97 whether a company presents its covid 19 impacts on the face of the income statement or discloses. Determining where to present covid 19 impacts in the financial statements. Other income 1 000.

Comprehensive income is often listed on the financial statements to include all other revenues expenses gains and losses that affected stockholder s equity account during a period. In other words it adds additional detail to the balance sheet s equity section to show what events changed the stockholder s equity beyond the traditional net income.