For each of the following companies, list at least two types of assets and one type of

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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 balance sheet (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, including Super fries.
d. Royal Bank. This is a major commercial bank.
e. Suncor Energy Inc. This company develops oil from the tar sands in Northern Alberta.
f. Westjet Airlines. This is an airline company.
g. Danier Leather Inc. This company designs and sells leather clothing.
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 A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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