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Introduction to the Corporate Annual Report:A Business Application, Canadian Edition - Assignment Example

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Introduction to the Corporate Annual Report:A Business Application, Canadian Edition

Explain why the order of individual items begins with cash. In your opinion, would it be more or less appropriate to order these items according to dollar magnitude? Explain. By reviewing the current asset section of the balance sheet of the company, it can be observed that the order of individual items start with cash and end at derivative assets. The company has utilized the order of showing more liquid assets first followed by relatively less liquid assets. Dollar magnitude convention is generally not followed. Chapter 3: Balance Sheet—Question 3 Review your company’s balance sheet and compare accumulated amortization to the historical cost of Plant and Equipment (PE) using the following ratio. You may have to refer to the notes to the financial statements to gather the detailed information necessary to complete this question. 1 – (Accumulated amortization ? PE) = Percentage of Asset Life Remaining 1 – (20,347 ? 28,311) = 28.13% ¦ Low percentage means older assets ¦ High percentage means newer assets Is the investment in fixed assets, on average older or newer? If older, can we assume that these assets will be replaced shortly? The percentage of assets remaining life is 28.13% which shows that the fixed assets are generally older and they would be replaced shortly within next 2 to 3 years. ...
Chapter 3: Balance Sheet—Question 5 Review the noncurrent asset section of your company’s balance sheet. Are any intangible assets listed? If so, identify the types of intangible assets and the percent of total assets that the intangible assets represent. Intangible Asset 1: Subscriber Base Intangible Asset 2: Customer Contracts Intangible Asset 3: Software Intangible Asset 4: Access to rights-of-way Intangible Asset 5: Assets under construction Intangible Asset 6: Acquired Brands Total Intangible Assets ? Total Assets = 6,153 ? 19,931 = 30.87% If this company were to be acquired by another company, would the intangible assets influence the purchase price? Explain your answer. The types of intangible assets that the company currently has may not influence the purchase price of the company, because they are not internally generated by the company. Chapter 3: Balance Sheet—Question 6 Now review your company’s total assets for the most recent year. What percentage of total assets is current? Noncurrent? Current: 10.30% Noncurrent: 89.70% Should companies have a greater investment in current assets or noncurrent assets, or does it depend on the nature of their business? Explain your answer. There are two main criteria for the selection of appropriate mix for managing current and non-current assets i.e. nature of business and industry practices. Chapter 3: Balance Sheet— Question 7 Review your company’s balance sheet. Does it report a future tax asset? A future tax liability? If so, are the future tax assets and/or liabilities reported as current or noncurrent? (Mark the appropriate choices below.) Future tax asset? Yes Current or Noncurrent*: Current Future tax liability? Yes Current or Noncurrent*: Both Current ...Show more
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Introduction to the Corporate Annual Report: A Business Application, Canadian Edition (Template) Chapter 3 – Financial Statements Balance Sheet Chapter 3: Balance Sheet—Question 1 Identify the date shown at the top of your selected company’s balance sheet…
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