{"id":232,"date":"2024-07-09T18:09:52","date_gmt":"2024-07-09T18:09:52","guid":{"rendered":"https:\/\/www.huronresearch.ca\/mos-cases-staging\/?post_type=project&#038;p=232"},"modified":"2026-08-10T19:33:15","modified_gmt":"2026-08-10T19:33:15","slug":"bloomfield-farms","status":"publish","type":"project","link":"https:\/\/www.huronresearch.ca\/mos-cases\/project\/bloomfield-farms\/","title":{"rendered":"Bloomfield Farms Inc.: A Year-End Exercise"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\">\n<div class=\"et_pb_row_0 et_pb_row et_block_row\">\n<div class=\"et_pb_column_0 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_image_0 et_pb_image et_pb_module et_block_module\"><span class=\"et_pb_image_wrap\"><img decoding=\"async\" data-src=\"https:\/\/www.huronresearch.ca\/mos-cases-staging\/wp-content\/uploads\/sites\/124\/2026\/08\/Bloomfield-Farms-Banner.jpg\" alt=\"assorted vegetables\" title=\"Bloomfield Farms Banner\" width=\"512\" height=\"256\" data-srcset=\"https:\/\/www.huronresearch.ca\/mos-cases-staging\/wp-content\/uploads\/sites\/124\/2026\/08\/Bloomfield-Farms-Banner.jpg 512w, https:\/\/www.huronresearch.ca\/mos-cases-staging\/wp-content\/uploads\/sites\/124\/2026\/08\/Bloomfield-Farms-Banner-480x240.jpg 480w\" data-sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 512px, 100vw\" class=\"wp-image-536 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 512px; --smush-placeholder-aspect-ratio: 512\/256;\" \/><\/span><\/div>\n\n<div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h2>Introduction:<\/h2>\n<p>Feben Bloom sat in the back office looking out at the several feet of snow covering her pumpkin fields. It was January 2024, one of the quietest times of the year at Bloomfield Farms Inc. (Bloomfield). Bloomfield was a market and general store near Ingersoll, Ontario that sold local produce and artwork by local artists. It also had a small Christmas tree farm, and the area\u2019s largest pumpkin patch. Bloom needed to prepare an income statement, statement of retained earnings and balance sheet for Bloomfield\u2019s fiscal year ending December 31, 2023. Bloom gathered her bank statements and notes from her bookkeeper, brewed herself a cup of peppermint tea, and set to work.<\/p>\n<\/div><\/div>\n\n<div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_0_wrapper\"><a class=\"et_pb_button_0 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module\" href=\"https:\/\/www.huronresearch.ca\/mos-cases-staging\/wp-content\/uploads\/sites\/124\/2026\/08\/Bloomfield-Farms-Inc-Exercise_03.11.25.pdf\" target=\"_blank\" data-icon=\"\uf1c1\">Download<\/a><\/div>\n<\/div>\n\n<div class=\"et_pb_column_1 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h1 style=\"font-size: 40px;\">Bloomfield Farms Inc.: A Year-End Exercise<\/h1>\n<p>Author: Richard S. Bloomfield and Lauren Nicolaas<\/p>\n<h2>Category:<\/h2>\n<p><span style=\"font-size: large;\">Exercises<\/span><\/p>\n<h2>Preamble:<\/h2>\n<p><em>Edited by Katie Oates. Final production of this case study was made possible by Ryan Rabie from the Library and Learning Services team at Huron University College. <\/em><\/p>\n<p><strong>Published 07-09-2024<\/strong><\/p>\n<h3>Copyright:<\/h3>\n<p><em>This content is freely available without charge to readers and their institutions. All content is published under the Creative Commons License, Attribution-NonCommercial-NoDerivatives 4.0 International (<a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/deed.en\" target=\"_blank\" rel=\"noopener\">CC BY-NC-ND 4.0<\/a>). Readers are allowed to read, download, copy, distribute, print, search, or link to the full texts of this case without seeking prior permission from the author(s).<\/em><\/p>\n<\/div><\/div>\n\n<div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h3>Keywords<\/h3>\n<p>&nbsp;<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":402,"featured_media":533,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"project_category":[65],"project_tag":[],"class_list":["post-232","project","type-project","status-publish","has-post-thumbnail","hentry","project_category-exercises"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Introduction: Feben Bloom sat in the back office looking out at the several feet of snow covering her pumpkin fields. 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