The financial statements of Shoppers Drug Mart are presented in Appendix A at the end of this…

The financial statements of Shoppers Drug Mart are presented in Appendix A at the end of this…

The financial statements of Shoppers Drug Mart are presented in Appendix A at the end of this textbook. Instructions (a) Does Shoppers Drug Mart report any investments on its statement of financial position? If so, are they debt or equity investments? Are they current or non-current? (b) Does Shoppers Drug Mart report any investment income on its income statement? On its statement of comprehensive income? Indicate what type of investment income is reported, if any. (c) Note 29 to the financial statements lists a number of subsidiaries owned by the company. Why aren t investment accounts relating to these subsidiaries shown on the statement of financial position? (d) What section of the statement of cash flows would you look at to determine if investments were purchased or sold? In conjunction with this statement, also look at Note 8. When Shoppers Drug Mart acquired a business in 2012, did the company buy the shares of the business or did it acquire the business in another way?

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