Essay on Mapleleaf Gardens Case Study

1458 Words Oct 23rd, 2008 6 Pages
Maple Leaf Gardens Case Study

Concepts:

Ai) There are several different people that would use the financial statements of Maple Leaf Gardens. Investors, whether they are existing or potential, would use the financial statements to help make a decision on how much or if they want to invest in the company. Lenders would use the statements to determine if they are going to lend financial assistance to the company. Government bodies review the statements to make sure they comply with all regulations and to make sure no ethical issues are present. Obviously the upper management uses the financial statements to gain a prospective on how the company is doing. Competitors may use the financial statements as a way to improve their own
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Civ) Investments by Owners is defined as increases in net assets of a particular enterprise resulting from transfers to it from other entities of something of value to obtain or increase ownership interest (or equity) in it. An example of Investments by Owners from Maple Leaf Garden's financial statements is Common Stock.

Cv) Distributions to Owners is defined as decreases in net assets of a particular enterprise resulting from transferring assets, rendering services, or incurring liabilities to owners. Distributions to owners decrease ownership interest or equity in an enterprise. An example of Distributions to Owners from Maple Leaf Garden's financial statements is Dividends.

Cvi) Revenues are defined as inflows or other enhancements of assets of an entity or settlement of its liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations. An example of Revenues from Maple Leaf Garden's financial statements is Revenue from operations.

Cvii) Expenses are defined as outflows or other uses of assets or incurring of liabilities during a period from delivering or producing goods or rendering services, or carrying out other activities that constitute the entity's ongoing major or central operation. An example of Expenses from Maple Leaf Garden's
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