Question

Cineplex Inc. is currently Canada’s largest film exhibition organization, with theatres in six provinces. Excerpts from its 2013 financial statements are in Exhibits 2-20A to E.
Required:
a. Determine the amount of dividends declared during fiscal 2013. Where did you find this information?
b. How does the declaration of dividends affect the accounting equation?
c. Determine the amount of dividends paid during fiscal 2013. Where did you find this information?
d. How does the payment of dividends affect the accounting equation?
e. Given Cineplex Inc.’s cost of goods sold of $74,693 in 2013 and $68,398 in 2012, determine the gross margin on concession sales for the two years. Explain the results of your gross margin calculations.
f. What was Cineplex’s cash flow pattern in 2013? Did it ft the “normal” pattern discussed in the chapter?
g. Refer to Cineplex Inc.’s “Other Costs” note 23. What are the largest two expenses? Why would these costs be expected in this line of business?


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  • CreatedJune 11, 2015
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