The largest item line reported in the assets section of the consolidated statement of financial position is Mineral Stream interests $5,707,019 explain why makes sense that the largest asset is the one identified?
The largest item line reported in the assets section of the consolidated statement of financial position is Mineral Stream interests $5,707,019 explain why makes sense that the largest asset is the one identified?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The largest item line reported in the assets section of the consolidated statement of financial position is Mineral Stream interests $5,707,019 explain why makes sense that the largest asset is the one identified?

Transcribed Image Text:Consolidated Balance Sheets
(US dollars in thousands)
Assets
Current assets
Cash and cash equivalents
Accounts receivable
Cobalt inventory
Other
Total current assets
Non-current assets
Mineral stream interests
Early deposit mineral stream interests
Mineral royalty interest
Long-term equity investments
Refundable deposit - 777 PMPA
Convertible notes receivable
Property, plant and equipment
Other
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable and accrued liabilities.
Current taxes payable
Current portion of performance share units
Current portion of lease liabilities
Total current liabilities
Non-current liabilities
Performance share units
Lease liabilities
Deferred income taxes
Pension liability
Total non-current liabilities
Total liabilities
Shareholders' equity
Issued capital
Reserves
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
/s/ Randy Smallwood
Randy Smallwood
Director
Note
26 $
11
12
28
18
19
17
20
29
As at
December 31
2022
27
24.1
21.2
24.1
21.2
27
31
$
13 $ 5,707,019 $
15
16
$
$
69
$
$
$
$
$
$
As at
December 31
2021
696,089 $
10,187
10,530
3,287
720,093 $
/s/Marilyn Schonberner
Marilyn Schonberner
Director
46,092
6,606
256,095
8,073
4,210
11,718
6,039,813 $
6,759,906 $
12,570 $
2,763
14,566
818
30,717 $
22 $ 3,752,662 $
23
66,547
2.898.466
6,717,675 $
6.759,906 $
6,673
1.152
165
3.524
11,514 $
42,231 $
226,045
11,577
8,712
3,390
249,724
5,905,797
34,741
6,606
61,477
17,086
5,509
15,211
6,046,427
6,296,151
13,939
132
14,807
813
29,691
11,498
2,060
100
2,685
16.343
46,034
3.698,998
47,036
2,504,083
6,250.117
6,296,151
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education