Corus Entertainment's financial statements have been reproduced in Appendix A at the back of the textbook. Instructions

Question:

Corus Entertainment's financial statements have been reproduced in Appendix A at the back of the textbook.

Instructions

(a) Many companies use a calendar year for their financial statements. What does Corus use?

(b) Where in the financial statements does it indicate that Corus statements have been prepared using IFRS?

(d) Where in the financial statements does it indicate that Corus reports the financial amounts in thousands of Canadian dollars?

(e) What were Corus's total assets as at August 31, 2014? As at August 31, 2013?

(f) What were Corus's total liabilities as at August 31, 2014? As at August 31, 2013?

(g) What is the amount of change in Corus's profit (Coruscallsthis "net income") from 2013 to 2014?

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...