Locate the audited annual financial statements (including the accompanying notes) of Maple Leaf Foods Inc. (Maple Leaf)

Question:

Locate the audited annual financial statements (including the accompanying notes) of Maple Leaf Foods Inc. (Maple Leaf) for its year ended REAL WORLDDecember 31, 2014 (www.sedar.com).

Instructions

Refer to the statements and notes to answer the following questions.

(a) What type of income statement format does the company use: single- or multiple-step? Comment.

(b) What business(es) is the company in during 2014?

(d) Is the income statement presented by function or nature? Why?

(e) Explain what makes up any reported amount for discontinued operations for the year ended December 31, 2014. Why is it important to disclose this information separately from other results for the year?

(f) What is included in other comprehensive income and what is the total of comprehensive income for the current year? How much of this income or loss is attributable to the shareholders of the parent and to the non-controlling shareholders?

(g) How has the EPS been calculated? How many EPS figures are presented and why? Where is the EPS disclosed?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...