Note 19 - Other Comprehensive Income |
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
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| Comprehensive Income (Loss) Note [Text Block] |
19. OTHER COMPREHENSIVE INCOME
The Company’s other comprehensive income of $1.2 million is for the period of October 14 – December 31, 2022, the period after the acquisition of TransGlobe. The functional currency of TransGlobe Energy Corporation is the Canadian Dollar. All of the Company’s other comprehensive income arises from the currency translation of TransGlobe Energy Corporation to USD.
The components of accumulated other comprehensive income are as follows:
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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