The following amounts (in thousands) were taken from the December 31 statements of financial position of Maple
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Question:
The following amounts (in thousands) were taken from the December 31 statements of financial position of Maple Leaf Foods Inc.:
2012 2011
Total assets $3,243,696 $2,940,459
Total liabilities 2,285,697 2,010,346
Assume that Maple Leaf Foods had the following changes to its shareholders’ equity in 2012: dividends of $22,229 thousand, and other shareholders’ equity items of $(65,181) thousand. How much profit did it report in 2012?
Expert Answer:
a Shareholders equity Total assets Total liabilities Shareholders equity for 2012 324369... View the full answer
Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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