Question 3.3
(Total: 45 marks; part 1: 24 marks; part 2: 15 marks; part
3: 6 marks)
Star Finder Inc. has provided the following information for the
year ended December 31, 2021:
Sales revenue
$1,300,000
Loss on inventory due to decline in net realizable value
$80,000
Unrealized gain on FV-OCI equity investments
42,000
Loss on disposal of equipment
35,000
Interest income
7,000
Depreciation expense related to buildings omitted by mistake in
2020
55,000
Cost of goods sold
780,000
Retained...