Description: The governments of Canada and Ontario are taking some heat after revelations that 1,600 workers from South Korea will be arriving in Windsor, Ontario to install equipment at the NextStar battery plant. Canadians may be rightly concerned, as the provincial and federal governments have contributed billions to bring the battery plant and the related jobs to Southern Ontario. Danis Lee, the CEO of NextStar, has noted, however, that the company will be hiring thousands of Canadians.
Date: November 20, 2023
Source: cbc.ca
Discussion points:
1) Do you think that the NextStar battery plant should be allowed to bring in so many temporary foreign workers during the construction phase?
2) What do you think of our governments investing our tax dollars to create jobs?
3) Page 9-5 of Wiley’s Financial Accounting: Tools for Business Decision-Making tells us about various costs that can be capitalized in the construction of a building, such as manufacturing facility. What type of accounting treatment is acceptable for the interest costs on any borrowing for such a project?
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