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d. Why is the information provided in part (c) considered helpful to users? e. Before the financial statements are presented in the annual report, the company provides a significant amount of information tr srs about the strategic goals and objectives of the organization. The information is presented in a variety of data visualization form Refer to strategic priority 2-growing global leadership positions. The group communicates that it creates value through sustain. growth. Review the list of KPI or industry measures. Which of these metrics is used by management to calculate value in nse for the purpose of impairment testing? (Hint: In addition to the "KPI or Industry Measure" section, see Note 15 of the IAG annual report.) RA12.2 Shopify Inc. Access the annual report for Shopify Inc. for the year ended December 31,2020 , from the SEDAR website (www. sedar.com), and use the information provided by the company to answer the following questions. Instructions a. What is the nature of the business that Shopify is involved in? b. What is the accounting policy related to intangible assets? Refer to the relevant note in the financial statements and indicate the breakdown of intangible assets as of December 31,2020 . c. Does Shopify present the amortization related to its intangible assets as a single line on the statement of operations and comprehensive income, or does it do something different? If it does something different, what does it do, and why? d. Review Shopify's policy regarding software development costs. How are these costs treated? Are they expensed or are they capitalized, and is this consistent with IAS 38 ? RA12.3 Intangible Issues Kolber Manufacturing Limited designs, manufactures, and distributes safety boots. In January 2023 , Kolber purchased another business that manufactures and distributes safety shoes, to complement its existing business. The total purchase price was $10 million in cash paid immediately and another $5 million in cash to be paid in one year's time. The company's current interest cost is 69 . The assets and liabilities purchased include accounts receivable; finished goods inventory; land and plant; manufacturing equipment and office equipment; accounts payable; and a loan that is secured by the manufacturing equipment. In addition, a trademark was included (which has six years remaining on its current legal life), as well as existing customer relationships (although there are no outstanding contracts with these customers), and a non-compete agreement with the existing owners that they will not start any similar business for the next five years. The company reports under IFRS. Instructions You are the controller of Kolber and have been given the task of recording the purchase in the company's books. a. Outline how you might determine how to allocate the purchase price to the intangible assets and any goodwill purchased. In addition, consider how each of these assets is subsequently reported and what the effect will be on net earnings in subsequent years given your

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