Use the Rainmaker Entertainment Inc 2011 financial statements that appear on My Accounting Lab to answer the following questions 1 Rainmaker 's 2011 financial statements reveal that the company had some adjustments to the share capital balance as a result of the change to reporting under IFRS How m...

1 1 b i reconciles shareholders equity from 2009 to 2011 ...

Use the Rainmaker Entertainment Inc. 2011 financial statements that appear on My Accounting Lab to answer the

Question:

Use the Rainmaker Entertainment Inc. 2011 that appear on My Accounting Lab to answer the following questions.
1. Rainmaker's 2011 reveal that the company had some adjustments to the share-capital balance as a result of the change to reporting under IFRS. How much was this change? How do you know?
2. Earnings had a restatement in 2010 because of the change to reporting under IFRS. Briefly explain the reconciliation.
3. Did the company pay dividends in 2011? If so, how much were they?
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...