Chapter_1 - (30-40 min.) P 1-3A Computed amounts are shown...

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(30-40 min.) P 1-3A Computed amounts are shown in boxes. Amounts are in millions . Shell Canada Limited Sobeys Inc. Cott Corp.* Beginning: Assets $ 9,613 $ 3,193 $ 909 – Liabilities (4,075 ) (1,756 ) (564 ) = Owners’ equity $ 5,538 $ 1,437 $ 345 Ending: Assets $ 10,906 $ 3,275 2 $1,022 – Liabilities (4,377 ) (1,699 ) (565 ) = Owners’ Equity $ 6,529 $ 1,576 $ 457 Owners’ Equity: Issuance (repurchase) of shares $ (36) $ (0) $ 34 3 – Dividends (259) (29) (0) Income Statement: Revenues $11,288 $11,047 $1,646 – Expenses (10,002 ) 1 (10,879 ) (1,568 ) = Net income (Net loss) $ 1,286 $ 168 $ 78 Statement of owners’ equity Beginning owners’ equity $ 5,538 $ 1,437 $ 345 + Issuance (repurchase) of (36) (0) 34 3 stock + Net income (Net loss) 1,286 1 168 78 – Dividends (259 ) (29 ) 0 = Ending owners’ equity $ 6,529 $ 1,576 $ 457
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_____ * US dollars
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(continued) P 1-3A _____ _____ 1 Net income = Ending owners’ equity – beginning owners’ equity + repurchase of stock + dividends Net income = $6,529 – 5,538 + 36 + 259 = $1,286 2 Assets – liabilities = OE 3 $345 + Issuances of stock + 78 – $0 = $457 Revenue – expenses = net income Assets = $1,699 + $1,576 $11,288 – expenses = $1,286 Assets = $3,275 Issuances of stock = $34 Expenses = $10,002 Shell Canada Limited Sobeys Inc. Cott
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This note was uploaded on 01/16/2011 for the course MGT 120 taught by Professor Zuliani during the Winter '08 term at University of Toronto- Toronto.

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Chapter_1 - (30-40 min.) P 1-3A Computed amounts are shown...

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