Access the audited annual financial statements of Goldcorp Inc. for its year ended December 31, 2014 from

Question:

Access the audited annual financial statements of Goldcorp Inc. for its year ended December 31, 2014 from SEDAR (www.sedar.com) or the company's website.

Instructions
(a) Describe the business that Goldcorp Inc. operates in.
(b) Identify the components making up the total equity of Goldcorp Inc. as set out in the statement of changes in equity, indicating the amount of each at December 31, 2014. Prepare a short explanation of the source of each of the components.
(c) Reconcile the beginning and ending balances in each of the components of equity in 2014, briefly explaining how each of the components changed during the company's 2014 fiscal year.
(d) Did Goldcorp Inc. declare and pay dividends on its common shares during 2014? If so, how much was declared, and how much was paid in total and per share? Given the company's net accumulated losses, explain how it was able to distribute dividends to shareholders.
(e) What amount of dividends per share has been paid in the periods since the end of its 2014 fiscal year end? Suggest what key variables management might consider in determining the amount of dividends to declare and pay each year, referring to the note to the financial statements on the management of capital.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1119048541

11th Canadian edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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