The financial statements of Aritzia Inc. are presented in Appendix A at the end of this textbook.

Question:

Instructions

a. What title does Aritzia use for its income statement? What title does Aritzia use for its balance sheet?

b. How much depreciation on its property and equipment did Aritzia record in 2018 and 2017?

c. Does Aritzia report profit or does it use another term for its financial results?

d. Aritzia reports prepaid expenses and other current assets on its balance sheet but does not provide any additional details in its notes to the financial statements. Provide two examples of expenses that Aritzia might have prepaid.

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...

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