Refer to the financial statements and accompanying notes of Canadian Tire Corporation Limited, for its year ended December 31, 2017. The financial statements are available on SEDAR (www.sedar.com). 

Instructions 

a. What are the issued and authorized shares for both classes of the company's shares? What percentages of the authorized shares have been issued? 

b. Identify the rights that are attached to each type of share. Are the Class A shares more like preferred shares or common shares? 

c. How did the company account for the excess of the amount paid on reacquisition over the carrying amount of the shares it repurchased in 2017? Recreate the journal entry. 

d. What was the average per share carrying amount of the Class A shares at the beginning of the year? At the end of the year? At what average price were the shares repurchased during 2017? Compare these prices with the year-end market price of the shares. 

e. Review the capital management note. What are the company's objectives in managing its capital? What is included in capital for the company? How does it monitor its capital?