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Direct Papery is a stationary supply company with offices and retail stores in Ontario and Québec. The organization started operations in 1993 and currently has an approximate annual payroll of $12,000,000 in each jurisdiction.
The organization is considering terminating the employment of five employees in each jurisdiction. To assist with forecasting the budget for the balance of the year, Nicole Chan, the Finance Manager, has asked you:
Question 1: The Payroll Manager, you are asked to provide her with the details on all legislated payments on termination of employment required for each jurisdiction. In addition to the required payments on termination, include any employer costs related to the employees' statutory deductions.
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
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