Question

The SFP of a junior Canadian gold- mining company reports the following amounts ( in $ thousands):



Required:
1. Explain the meaning of the following accounts:
a. Mine development costs
b. Goodwill
c. Liability for future site restoration costs
d. Deferred income tax
e. Non- controlling interest
f. Cumulative exchange adjustment
g. Contributed surplus
2. What items on the above SFP would most likely be estimated? Explain.
3. For what assets would you expect the market value and book value to be the most differ-ent? Explain.
4. As a potential shareholder, what additional information would be relevant to any decision to acquire shares in this company? Why is this information not presented with the audited financialstatements?


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  • CreatedFebruary 17, 2015
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