Indigo Books Music Inc 's (Indigo 's) financial statements appear in Appendix A at the end of this book and on MyAccountingLab Required 1 The financial statements are labelled consolidated What evidence can you find in the financial statements that reveals how Indigo accounts for its subsidiaries 2...

Req 1 The balance sheet starts us looking for more information with a Note 20 next ...

Indigo Books & Music Inc.'s (Indigo's) financial statements appear in Appendix A at the end of this

Question:

Indigo Books & Music Inc.'s (Indigo's) appear in Appendix A at the end of this book and on MyAccountingLab.
Required
1. The are labelled "consolidated." What evidence can you find in the that reveals how Indigo accounts for its subsidiaries?
2. What business(es) is(are) included in the consolidated statements?
3. Does Indigo have any foreign-currency transactions? How do you know?
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...