The financial statements of Jean Coutu are presented in Appendix B, following the financial statements for Shoppers

Question:

The of Jean Coutu are presented in Appendix B, following the for Shoppers Drug Mart in Appendix A.
Instructions
(a) Compare the statements of financial positions of the two companies. Which one tends to have more investments?
What is the most common type of investment? What is the most likely reason for this?
(b) Compare the income statements of each company. How did each company's investments affect its income statement?
(c) In July 2013, it was announced that Loblaw Companies Ltd. was purchasing all of the shares of Shoppers Drug Mart. How do you think Loblaw will account for this investment?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...