Dollarama Inc reported the following liabilities (in thousands) in its February 1, 2015, financial statements (in thousands) Long term debt $560,641 Income tax payable $ 25,427 Deferred income taxes 122,184 Accounts payable and accrued liabilities 175,739 Current portion of long term debt 3,846 Deferred (unearned) tenant deposits 60,475 Finance lease obligations 1,566 Dividends payable 10,480 Identify which of the above liabilities are likely current and which are likely non current Long term debt Deferred income taxes Current portion of long term debt Finance lease obligations Income tax payable Accounts payable and accrued liabilities Deferred (unearned) tenant deposits Dividends payable Prepare the liabilities section of Dollaramas statement of financial position DOLLARAMA INC Statement of Financial Position (partial) F ebruary 1, 2015 (in thousands) Current liabilities Dividends Payable Income Tax Payable Deferred (Unearned) Tenant Deposits Current Portion of Long Term Debt Long Term Debt Accounts Payable and Accrued Liabilities Finance Lease Obligations Deferred Income Taxes $ Finance Lease Obligations Current Portion of Long Term Debt Accounts Payable and Accrued Liabilities Income Tax Payable Dividends Payable Deferred Income Taxes Deferred (Unearned) Tenant Deposits Long Term Debt Income Tax Payable Deferred (Unearned) Tenant Deposits Current Portion of Long Term Debt Long Term Debt Deferred Income Taxes Finance Lease Obligations Dividends Payable Accounts Payable and Accrued Liabilities Finance Lease Obligations Dividends Payable Accounts Payable and Accrued Liabilities Long Term Debt Deferred Income Taxes Deferred (Unearned) Tenant Deposits Current Portion of Long Term Debt Income Tax Payable Deferred (Unearned) Tenant Deposits Finance Lease Obligations Long Term Debt Accounts Payable and Accrued Liabilities Dividends Payable Income Tax Payable Current Portion of Long Term Debt Deferred Income Taxes Total current liabilities Non current liabilities Current Portion of Long Term Debt Dividends Payable Long Term Debt Deferred Income Taxes Finance Lease Obligations Deferred (Unearned) Tenant Deposits Accounts Payable and Accrued Liabilities Income Tax Payable Dividends Payable Current Portion of Long Term Debt Finance Lease Obligations Deferred (Unearned) Tenant Deposits Income Tax Payable Long Term Debt Deferred Income Taxes Accounts Payable and Accrued Liabilities Long Term Debt Current Portion of Long Term Debt Accounts Payable and Accrued Liabilities Deferred Income Taxes Finance Lease Obligations Dividends Payable Income Tax Payable Deferred (Unearned) Tenant Deposits Total non current liabilities Total liabilities $

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Posted on Sep 08, 2024

Dollarama Inc. reported the following liabilities (in thousands) in its February 1, 2015, financial statements (in thousands): Long-term debt $560,641 Income tax payable $ 25,427

Dollarama Inc. reported the following liabilities (in thousands) in its February 1, 2015, financial statements (in thousands):

Long-term debt	$560,641	Income tax payable	$ 25,427
Deferred income taxes	122,184	Accounts payable and accrued liabilities	175,739
Current portion of long-term debt	3,846	Deferred (unearned) tenant deposits	60,475
Finance lease obligations	1,566	Dividends payable	10,480

Identify which of the above liabilities are likely current and which are likely non-current.

Long-term debt
Deferred income taxes
Current portion of long-term debt
Finance lease obligations
Income tax payable
Accounts payable and accrued liabilities
Deferred (unearned) tenant deposits
Dividends payable

Prepare the liabilities section of Dollaramas statement of financial position.

DOLLARAMA INC. Statement of Financial Position (partial) February 1, 2015 (in thousands)
Current liabilities
Dividends Payable Income Tax Payable Deferred (Unearned) Tenant Deposits Current Portion of Long-Term Debt Long-Term Debt Accounts Payable and Accrued Liabilities Finance Lease Obligations Deferred Income Taxes		$
Finance Lease Obligations Current Portion of Long-Term Debt Accounts Payable and Accrued Liabilities Income Tax Payable Dividends Payable Deferred Income Taxes Deferred (Unearned) Tenant Deposits Long-Term Debt
Income Tax Payable Deferred (Unearned) Tenant Deposits Current Portion of Long-Term Debt Long-Term Debt Deferred Income Taxes Finance Lease Obligations Dividends Payable Accounts Payable and Accrued Liabilities
Finance Lease Obligations Dividends Payable Accounts Payable and Accrued Liabilities Long-Term Debt Deferred Income Taxes Deferred (Unearned) Tenant Deposits Current Portion of Long-Term Debt Income Tax Payable
Deferred (Unearned) Tenant Deposits Finance Lease Obligations Long-Term Debt Accounts Payable and Accrued Liabilities Dividends Payable Income Tax Payable Current Portion of Long-Term Debt Deferred Income Taxes
Total current liabilities
Non-current liabilities
Current Portion of Long-Term Debt Dividends Payable Long-Term Debt Deferred Income Taxes Finance Lease Obligations Deferred (Unearned) Tenant Deposits Accounts Payable and Accrued Liabilities Income Tax Payable
Dividends Payable Current Portion of Long-Term Debt Finance Lease Obligations Deferred (Unearned) Tenant Deposits Income Tax Payable Long-Term Debt Deferred Income Taxes Accounts Payable and Accrued Liabilities
Long-Term Debt Current Portion of Long-Term Debt Accounts Payable and Accrued Liabilities Deferred Income Taxes Finance Lease Obligations Dividends Payable Income Tax Payable Deferred (Unearned) Tenant Deposits
Total non-current liabilities
Total liabilities		$