Entertainment Centre Ltd. reported the following data at March 31, 2014, with amounts adapted and in thousands:

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Entertainment Centre Ltd. reported the following data at March 31, 2014, with amounts adapted and in thousands:

Entertainment Centre Ltd. reported the following data at March 31,

You are the CFO responsible for reporting Entertainment Centre Ltd. (ECL) results. Use these data to prepare ECL's income statement for the year ended March 31, 2014, the statement of retained earnings for the year ended March 31, 2014, and the classified balance sheet at March 31, 2014. Use the report format for the balance sheet. Draw arrows linking the three statements to explain the information flows between the statements.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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