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Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000
Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000 stores across Canada. It sells a high volume of low-cost household goods - all items sell for less than $4.00. A deficit is a negative (debit) balance in retained earnings. If it is larger negative (debit) balance than the total balances in other shareholders' equity accounts, it may result in an overall negative (debit) balance for shareholders' equity. This is true for Dollarama at Jan 30, 2022. Review the deficit (negative retained earnings) column in the statement of changes in shareholders' equity (deficit) on page 3. As a potential investor would you be concerned about the deficit? Explain. Your answer should discuss the various components of the deficit. Dollarama Inc. Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts) Answer the questions below using the excerpts from Dollarama Inc. financial statements reproduced on the following pages. Dollarama is a Canadian retailer with over 1,000 stores across Canada. It sells a high volume of low-cost household goods - all items sell for less than $4.00. A deficit is a negative (debit) balance in retained earnings. If it is larger negative (debit) balance than the total balances in other shareholders' equity accounts, it may result in an overall negative (debit) balance for shareholders' equity. This is true for Dollarama at Jan 30, 2022. Review the deficit (negative retained earnings) column in the statement of changes in shareholders' equity (deficit) on page 3. As a potential investor would you be concerned about the deficit? Explain. Your answer should discuss the various components of the deficit. Dollarama Inc. Dollarama Inc. Consolidated Statements of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except share and per share amounts)
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