Note 8 to the January 30, 2010, financial statements of Le Chateau Inc. is shown in Exhibit

Question:

Note 8 to the January 30, 2010, of Le Chateau Inc. is shown in Exhibit 11—1. All dollar amounts are in thousands.
Required:
a. Describe the differences between the Class A subordinate voting shares and Class B voting shares with respect to the following:
i. Their ability to influence the selection of management and to influence company decision-making
ii. The amount and priority of expected dividends
b. If you own 100,000 Class A subordinate voting shares, what proportion of total votes do you control? If you own 100,000 Class B voting shares, what proportion of total votes do you control?
c. Why would investors choose to purchase the Class A rather than the Class B shares? Or vice versa?
d. Why might Class B shareholders choose to convert their shareholdings into Class A shares, as described in Principal Feature part [e]? 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...