Reference no: EM132513878

Kingbird, Inc.. follows IFRS and has the following amounts for the year ended December 31, 2020:

1. gain on sale of FV-NI investments (before tax), $14,100;
2. loss from operation of discontinued division (net of tax), $39,300
3. income from operations (before tax), $211,500;
4. unrealized holding gain-OCI (net of tax), $11,100;
5. income tax on income from continuing operations, $59,400;
6. loss from disposal of discontinued division (net of tax), $70,000.

• The unrealized holding gain-OCI relates to investments that are not quoted in an active market

Question 1: Calculate income from continuing operations

Question 2: Calculate net income

Question 3: Calculate Other Comprehensive Income

Question 4: Calculate Comprehensive Income