Note 17 to the March 28, 2021, financial statements of Canada Goose Holdings Inc. is shown in

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Note 17 to the March 28, 2021, financial statements of Canada Goose Holdings Inc. is shown in Exhibit 11.11. All dollar amounts are in thousands.


Required 

a. Describe the differences between the multiple voting shares and subordinate voting shares with respect to the following: 

i. Their ability to influence the selection of management and to influence company decision-making 

ii. The amount and priority of expected dividends 

b. If you owned 100,000 multiple voting shares at March 28, 2021, what proportion of total votes would you control? If you owned 100,000 subordinate voting shares, what proportion of total votes would you control? 

c. Why would investors choose to purchase the multiple voting shares rather than the subordinate shares? Or vice versa? 

d. Why might holders of multiple voting shares choose to convert their shareholdings into subordinate shares, as described under the heading “Issued”?

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Related Book For  book-img-for-question

Understanding Financial Accounting

ISBN: 9781119715474

3rd Canadian Edition

Authors: Christopher D. Burnley

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