Monday, May 17, 2010

Canwest balance sheet is not in complaince with FAB 160, CICA 1601 and CICA 1602

Shaw paid 700 million for Goldman Sachs' 400 million investment
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Quote, "CICA 1601 and 1602 will require a change in the measurement of
non-controlling interest and will require the change to be presented as part ofshareholders equity. These standards will become effective for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period on or after January 1, 2011.