Canadian Tire financial statements appear in Appendix
Question and Solution
Canadian Tire financial statements appear in Appendix A at the end of this book. Use information in the financial stat
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Canadian Tire financial statements appear in Appendix A at the end of this book. Use information in the financial statements and the notes to the financial statements to answer the following: 1. Describe the classes of shares that Canadian Tire has authorized? How many of each class are issued and outstanding at the end of 2014? 2. Did Canadian Tire issue any new shares during 2014? If so, how many did it issue and what was the average issue price? (Challenge) 3. What was the total dollar value of dividends that Canadian Tire declared in 2014? How much cash did it use to pay dividends in 2014? Why are these figures different? (Challenge)
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