Corus Entertainment's financial statements are presented in Appendix A of this book. Instructions (a) Based on the
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Instructions
(a) Based on the information contained in these financial statements, determine each of the following: 1. Cash and cash equivalents balance at August 31, 2014, and the prior year, August 31, 2013.
2. Increase (decrease) in cash and cash equivalents from 2013 to 2014.
3. Cash provided by operating activities during the year ended August 31, 2014 (from statement of cash flows).
(b) What conclusions concerning the management of cash can you draw from these data?
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...
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a 1 Cash and cash equivalents balance at Aug 31 2014 11585000 Aug 31 2013 8...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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