CHC Helicopter Corporation is the world's largest provider of helicopter services to the global offshore oil and gas industry, with aircraft operating in more than 30 countries around the world. The company reported the following items in its statement of financial position dated April 30, 2008 (in thousands of Canadian dollars):

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1. Define each of the current liabilities and identify the type of transactions that cause each liability to change (increase, decrease).
2. The company reported that \(\$ 15,473\) of deferred revenue was earned during fiscal year 2008 . Determine the amount that was collected in advance from customers during 2008 and prepare the related journal entry.
3. The company's board of directors declared dividends of \(\$ 22,891\) during 2008. Prepare the journal entries to record the declaration and payment of dividends during 2008.

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Current liabilities Payables and accruals Deferred revenue Dividends payable April 30, 2008 April 30, 2007 $394,221 $340,912 10,541 2,057 11,412 11,241 18,392 9,637 Deferred income tax liabilities 8,969 9,813 Current portion of debt obligations 67,182 333,728. Income taxes payable