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 financial statements?

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Assets Current assets Cash and cash equivalents Accounts receivable, less allowance for doubtful accounts laxes recoverable Inventories Prepaid expenses Investments (cost is equal to market value) $ 8,260 20,338 200 20,800 500 1830 51,928 Noncurrent assets Plant, equipment, and mine development costs, net Goodwill 95,000 2.000 $148,928 Total assets Liabilities and shareholders' equity Current liabilities $ 6,550 Accounts payable and accrued liabilities Royalties payable 5607,110 Noncurrent liabilities: Liability for site restoration costs Convertible bonds Deferred income taxes 2,280 12,000 1,830 16,110 Shareholders' equity Share capital Contributed surplus Cumulative exchange adjustment Retained earnings 100,000 1,128 500 23,000 124,628 1,080 Non-controlling interest Consolidated shareholders' equity Total liabilities and shareholders' equity 125,708 148,928