For each of the following companies, list at least two types of assets and one type of
Question:
For each of the following companies, list at least two types of assets and one type of liability that you would expect to find on its statement of financial position. Try to include at least one item for each company that is unique to its type of business.
a. Bombardier Inc. This Quebec-based company manufactures transportation equipment and other industrial products.
b. Sobeys Inc. This company operates grocery stores across Canada.
c. McCain Foods Limited. This New Brunswick Company prepares frozen vegetables.
d. Royal Bank of Canada . This is a major commercial bank.
e. Suncor Energy Inc. This is an energy company.
f. WestJet. This is an airline company.
g. Danier Leather Inc. This company designs and sells leather goods.
Step by Step Answer:
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald