Transactions and items for a public sector entity applying the CICA PSA Handbook (not referring to Sections

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Transactions and items for a public sector entity applying the CICA PSA Handbook (not referring to Sections PS 4200 to PS 4270) are as follows:
1. Issue of a debenture
2. Inventories of goods for sale
3. A historical monument
4. Purchase of road salt or other supply inventories
5. An expenditure on road construction
6. Trees growing on Crown land
7. Disposal of a tangible capital asset
8. Acquisition of a government business enterprise
Required
Indicate the financial statements that would report on each item or transaction described and its classification. For example, when a portfolio investment is acquired, it is reported on the statement of financial position as a financial asset and on the statement of cash flow as an investing transaction.
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...
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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