Dollarama Inc. reported the following liabilities (in thousands) in its February 1, 2015, financial statements (in thousands):
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Instructions
(a) Identify which of the above liabilities are likely current and which are likely non-current. State whether any item fits in either category. Explain the reasoning for your selections.
(b) Prepare the liabilities section of Dollarama's statement of financial position.
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...
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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