Locate the IFRS accounting standard on accounting for income taxes (IAS 12) using the instructions in your course outline, and Canadian Pacific Railway Limited’s “Audited Annual Financial Statements” for its year ended December 31, 2015 filed with SEDAR on February 29, 2016. (SEDAR.com. Then choose English/Issuer Profiles – for companies). Be careful in choosing the statements, as there are a few companies with names similar to Canadian Pacific Railway Limited. Answer the following questions related to either the IFRS standard or to Canadian Pacific’s 2015 financial statements or both. Point form can be used to good advantage.
There are 4 questions in the file, please see them before you decide to accept this question.