All information is given .

1)

The Project Data file provided for you contains information that you may use to help you complete certain questions. You will be directed to this file as required in the questions below. Canaan's Curios Corp. Canaan's Curios Corp. (CCC) is a company located in Western Canada that reports its financial results in accordance with IFRS. On December 31, 20X6, CCC acquired common shares of Tymen Jungle Inc. (TJI). Four independent questions based on different quantities of shares acquired, but using the same financial results for TJI, are set out below.

TJI's financial statements together with additional pertinent information follow:

Tymen Jungle Inc. Statement of financial position As at December 31 (in '000s) Carrying value Fair Remaining value useful life/term to 20X7 20X6 20X6 Cash maturity $ 68 $ 35 Accounts receivable 75 48 Inventory 74 62 $ 68 N/A Land 325 175 164 N/A Building (net) 285 300 345 15 years Equipment (net) 232 400 380 5 years Patent 30 30 142 16 years Total assets $1,089 $1,050 Accounts payable $ 52 $ 37 Notes payable 50 0 Long-term debt 300 400 Bonds payable 250 250 262 6 years Common shares 180 180 Retained earnings 257 183 Total liabilities and equity $1,089 $1,050Tymen Jungle Inc. Statement of comprehensive income For the year ended December 31, 20X7 (in '000s) Sales revenue $ 885 Cost of goods sold 440 Gross profit 445 Sales, general, and administrative expenses 361 Interest expense 27 Depreciation and amortization expense 25 32 Other income 135 Earnings before income tax expense 167 Income tax expense 33 Net income $ 134Canaan's Curios Corp. Draft statement of financial position As at December 31, 20X6 (in '000s) 20X6 Cash $ 861 Accounts receivable 698 Inventory 128 Land 550 Building (net) 850 Equipment (net) 1,250 Patent 450 Total assets $4.787 Accounts payable $ 65 Long-term debt 1,500 Bonds payable 500 Common shares 830 Retained earnings 1.892 Total liabilities and equity $4.787