The financial statements and accompanying notes of Shoppers Drug Mart are presented in Appendix 5B as they

Question:

The and accompanying notes of Shoppers Drug Mart are presented in Appendix 5B as they appear in the company's annual report.
Instructions
Refer to the statements and notes to answer the following questions.
(a) 'What type of income statement format does the company use: single- or multiple-step?
(b) 'What business is the company in? How is this reflected in the and income statement?
(c) Is the income statement presented by function or nature? 'Why?
(d) 'What is included in other comprehensive income and what is the total of comprehensive income for the current year? How much of this income or loss is attributable to the shareholders of the parent and to the non-controlling shareholders?
(e) How has the EPS been calculated? How many EPS figures are presented and why? 'Where is the EPS disclosed?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... 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...