Question
B The following information is needed for question 1: Presented below are five operating segments that have been identified by Ladner Corp: Total Segment Revenue
B The following information is needed for question 1: Presented below are five operating segments that have been identified by Ladner Corp: Total Segment Revenue Profit(loss) Assets A $180,000 $15,000 $250,000 B 120,000 $8,000 150,000 C 550,000 $120,000 1,300,000 D 450,000 ($250,000) 800,000 E 100,000 ($10,000) Total$1,400,000 200,000 $2,700,000 1. According to IFRS, which segments would be considered reportable segments? Show your work. 2. Tsawwassen Inc., an ASPE company, reported net income for calendar 2020 of $ 3,000,000. Included in this net income calculation was the following: Impairment of goodwill.. Depreciation on plant assets. Bond premium amortized.. Interest expense $ 30,000 950,000 5,000 120,000 Based on the above information, calculate the cash provided by operating activities (indirect method) for the calendar year of 2020. Based on the above information, calculate the cash provided by operating activities (indirect method) for the calendar year of 2020. CHOICE: Provide brief and concise short answers of one or two sentences for three of the following four short answer questions. Let me know your choice. a) What is the purpose of segmenting information on the financial statements and why is it not required under ASPE? b) In your own words, explain what "Contributed Surplus" is. c) Explain why (not when) it is important for full disclosure under financial reporting that lessees capitalize some leases. d) Imagine you recently started working in the accounting department of a fairly large company that has a 65 year history of business in Western Canada. You are delighted to discover that this company does not do deferred/future taxes. Briefly explain what kind of company is this and why is this ok
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