Using the financial statements of Leons Furniture Limited and Shoppers Drug Mart Corporation in Appendixes B and

Question:

Using the of Leon’s Furniture Limited and Shoppers Drug Mart in Appendixes B and C, answer the following question:
Shoppers Drug Mart identifies a note related to the Cost of Goods Sold. What information did Shoppers Drug Mart need to provide users that Leon’s did not?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...