Questions from Intermediate Accounting

Q: In its 2017 financial statements (Note 3), Air Canada has

In its 2017 financial statements (Note 3), Air Canada has disclosed its critical estimates and judgements used in preparing the financial statements. Instructions Access the 2017 audited annual fina...

Q: The financial statements of the Hudson's Bay Company are presented at the

The financial statements of the Hudson's Bay Company are presented at the end of the book. Complete the following instructions by referring to these financial statements and the accompanying notes. I...

Q: Obtain the 2017 annual report for Maple Leaf Foods Inc. from

Obtain the 2017 annual report for Maple Leaf Foods Inc. from the company's website or from SEDAR (www.sedar.com). The company's note disclosure (Note 2) on "Basis of preparation" for (d) Use of Estima...

Q: The "Internet of things" refers to physical devices such as

The "Internet of things" refers to physical devices such as phones, cars, cameras, fitness tracking devices, and other sensing devices that capture and track data through the Internet. Such devices co...

Q: TripAdvisor Inc. describes itself as an online travel company, which

TripAdvisor Inc. describes itself as an online travel company, which empowers users to plan and book the perfect trip. Among other things, it allows users to post reviews of their visits including vis...

Q: Agnu Inc. shows on its statement of financial position its investments

Agnu Inc. shows on its statement of financial position its investments accounted for as FV-OCI investments. At its year end of May 31, 2018, the balance in the FV-OCI Investments account was $96,000 a...

Q: Locate the audited consolidated financial statements (including the accompanying notes)

Locate the audited consolidated financial statements (including the accompanying notes) of Kirkland Lake Gold Ltd. for its year ended December 31, 2017 (available at www.sedar.com). Instructions Refe...

Q: Obtain the 2017 annual report for the Royal Bank of Canada from

Obtain the 2017 annual report for the Royal Bank of Canada from the company's website or from SEDAR (www.sedar.com). Note that financial reporting for Canadian banks is also constrained by the Bank Ac...

Q: Use the annual reports and/or the audited annual financial statements

Use the annual reports and/or the audited annual financial statements of Brookfield Office Properties Inc. for the year ended December 31, 2015, and of Mainstreet Equity Corp. for the year ended Septe...

Q: An excerpt from Section 10.2 of the Management Discussion and

An excerpt from Section 10.2 of the Management Discussion and Analysis in the 2017 annual report of BCE Inc. is shown below. The excerpt shows summarized financial information, including calculations...