Question
Kirkland Lake Gold Ltd. Locate the audited consolidated financial statements (including the accompanying notes) of Kirkland Lake Gold Ltd. for its year ended December 31,
Kirkland Lake Gold Ltd. Locate the audited consolidated financial statements (including the accompanying notes) of Kirkland Lake Gold Ltd. for its year ended December 31, 2020 (available at :sedar.com). Instructions Refer to the statements and notes to answer the following questions.
1)What type of income statement format does the company use (single or multiple step)? Comment. 2)What kind of business did the company engage in during 2020? (Hint: Look at Note 1 to the financial statements.) 3)How are these businesses reflected in Kirkland Lake Golds balance sheet and income statement? 4)Is the income statement presented by function or nature? Why? 5)What is included in other comprehensive income and what is the total of comprehensive income for the current year? 6)How has EPS been calculated? How many EPS figures are presented and why? Where is the EPS disclosed? 7)Visit the companys website and review the sustainability report document for 2021. According to the companys report, what is its approach to sustainability?
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