Question: Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000




Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000 stores across Canada. It sells a high volume of low-cost household goods - all items sell for less than $4.00. Review the statement of changes in shareholders' equity (deficit) on page 3 and look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $ value).] Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Dollarama Inc. Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000 stores across Canada. It sells a high volume of low-cost household goods - all items sell for less than $4.00. Review the statement of changes in shareholders' equity (deficit) on page 3 and look at the line in fiscal 2021 titled 'Repurchase and cancellation of common shares'. Recreate the journal entry to reflect the repurchase and cancellation. Were the shares repurchased for a higher or lower amount than they were originally issued for? Explain. [Hint: Be careful, one of the columns in the statement reflects the number of shares (not a $ value).] Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Dollarama Inc
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