Tim Hortons Inc is one of the largest quick service #843

Tim Hortons Inc. is one of the largest quick- service restaurants in North America. The company
operates a chain of coffee and doughnut shops across Canada and the United States
specializing in fresh coffee, baked goods, and homestyle lunches. The following activities
occurred during a recent year. The amounts are rounded to millions of dollars. a. Purchased
additional property and equipment for $ 186.7 in cash. b. Repurchased its own shares for $
225.2 cash. The shares were originally sold for the same amount. c. Declared $ 110.2 in
dividends and paid $ 130.5 during the year. d. Several investors in Tim Hortons shares sold
their shares to other investors on the stock exchange for $ 3.5. e. Repaid $ 7.7 in principal on
long- term debt obligations. f. Paid $ 175.9 in income taxes. Required: For each of these events,
perform transaction analysis and indicate the account, amount, and direction of the effects on
the accounting equation. Check that the accounting equation remains in balance after each
transaction. Use the following headings:
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Tim Hortons Inc is one of the largest quick service

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