Question: please answer clearly with good working i will leave a thumbs up :) Presented below are a number of balance sheet items for Thompson Corporation
Presented below are a number of balance sheet items for Thompson Corporation for the year ended November 30, 2018. Required Prepare a classified balance sheet using the IFRS format. Common stock authorized was 200,000 shares, and preferred stock authorized was 10,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of trading securities are the same. All of the above accounts had their normal debit or credit balances. [25 Marks]
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