Tim Hortons Inc. reported the following changes to its shareholders' equity accounts (in thousands) for the year
Question:
Tim Hortons Inc. reported the following changes to its shareholders' equity accounts (in thousands) for the year ended January 2, 2011.
Additional information: Tim Hortons has an unlimited number of common shares authorized with a stated value of $2.84 per share. The number of shares issued is shown in parentheses in the share capital section of the above table, and are also in thousands.
Instructions
(a) Prepare a statement of changes in equity for the year ended January 2, 2011.
(b) Prepare the shareholders' equity section of the statement of financial position at January 2, 2011.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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