ADM 1300 Study Guide - Final Guide: Mega Brands, Accounts Payable, Retained Earnings

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Devinder Gandhi

Document Summary

Brief exercise 13-1 (a) (b) (c) ne (d) (e) (f) (g) ne (h) (i) (j) Copyright 2014 john wiley & sons canada, ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited. O (g) not a cash activity a reduction of retained earnings and an increase in dividends payable. F if reporting under aspe but if reporting under ifrs a choice exists between showing this as a financing or operating activity. Not a cash activity a cost allocation (h) (i) (j) F: o (b) mega brands uses the indirect method as indicated by the changes in noncash operating working capital items and the depreciation expense. Thus, cash receipts from customers must have equalled = ,000 [ (,000 ,000)]. Note: the current portion of the bank loan payable was not included because this bank loan was issued for borrowing purposes rather than trade.