The liabilities and shareholders' equity items (in thousands) that follow were taken from the March 31, 2012,
Question:
The liabilities and shareholders' equity items (in thousands) that follow were taken from the March 31, 2012, balance sheet for Saputo Inc.:
Accounts payable and accrued liabilities.....................................$ 571,814
Bank loans payable (current) .....................................................166,631
Common shares.....................................................................629,606
Deferred income taxes payable (non-current) ..................................156,632
Income taxes payable...............................................................163,996
Long-term debt........................................................................379,875
Other long-term liabilities..............................................................54,486
Retained earnings.....................................................................1,467,108
Instructions
Prepare the liabilities and shareholders' equity sections of the statement of fi nancial position.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
SAPUTO INC Statement of Financial Position partial March 31 2012 in thousands Liabilities and Shareh...View the full answer
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
