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2. Brian wants to conduct vertical Integration to secure the supply of alcohol, the major Ingredient for making hand-sanltlzer. For that purpose, AD Issued preferred
2. Brian wants to conduct vertical Integration to secure the supply of alcohol, the major Ingredient for making hand-sanltlzer. For that purpose, AD Issued preferred shares of $15,000 to one key employee, Helen Brown at the end of 2021, with a rate of return of 4% per annum. The preferred shares are cumulative, redeemable and retractable in two years' time at face value plus dividends In arrears, if any. Then AD use the money to purchase $120,000 common shares of Woodbridge Alcohol Ltd., an alcohol manufacturer and AD's primary supplier. AD will now own 25% of Woodbridge Alcohol. Financial requirements/Issues when reporting under both aspe and Ifrs? 2. Brian wants to conduct vertical Integration to secure the supply of alcohol, the major Ingredient for making hand-sanltlzer. For that purpose, AD Issued preferred shares of $15,000 to one key employee, Helen Brown at the end of 2021, with a rate of return of 4% per annum. The preferred shares are cumulative, redeemable and retractable in two years' time at face value plus dividends In arrears, if any. Then AD use the money to purchase $120,000 common shares of Woodbridge Alcohol Ltd., an alcohol manufacturer and AD's primary supplier. AD will now own 25% of Woodbridge Alcohol. Financial requirements/Issues when reporting under both aspe and Ifrs
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