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Meadows Enterprises Ltd. is a Canadian corporation located in Regina. The company operates a retail business that has shown consistent profits for several years. Cash
Meadows Enterprises Ltd. is a Canadian corporation located in Regina. The company operates a retail business that has shown consistent profits for several years. Cash generated from those profits has been used to acquire investments. The company prefers two types of investments: real estate and shares in other corporations. Unfortunately, in 2023 the investments resulted in some losses. The following chart provides a summary of the corporations 2023 financial results. Retail sales $ 1,302,000 Cost of sales 911,000 Gross profit 391,000 Retail administrative expenses 210,000 Income from operations 181,000 Other income (losses) Net loss from real estate rentals $ (24,000 ) Net loss on the sale of
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