Tim Hortons restaurants operate in a variety of formats. A standard Tim Hortons restaurant is a freestanding building typically ranging in size from 1,400 to 3,090 square feet with a dining room and single or double drive-thru window. The company also has nonstandard restaurants designed to fit anywhere, consisting of kiosks in offices, hospitals, colleges, airports, gas station convenience stores, and drive-thru only units on smaller pieces of property. The company’s annual report included the following information:

For 2006, prepare journal entries to record the purchase of treasury stock, the issuance of common stock, and the declaration and payment of dividends. The common stock has a par value of $0.001 and 50,000,000 shares were issued during2006.

  • CreatedJuly 27, 2012
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