Financial Statements

Examining Financial Statements Alex Rios ACC300/Principles of Accounting June 22, 20009 Examining Financial Statements Financial statements are incumbent in fix up for a military control to presentation where its bullion came from, where the money went, and where the money is now (Securities and Exchange Commission, 2009.) Landrys Restaurant has engage A-Team Analysts Service to consider the financial statements of the business for 2003. The CEO of Landrys wants the A-Team to analyze the financial statements to ensure it signals the customary and wrinkleholders an accurate financial picture of the company. The A-Team pass on examine all of the financial statements and argue Landrys income, assets, property additions and stock options. Finally, A-Team Analysts will discuss which single(a) income statement is the most important for the business. Landrys Net Income In order to find the reported drop income, A-Team had to look at Landrys income statement (Ph illips, Libby and Libby, 2006). The income statement shows how ofttimes money is do and spent over a point of time. The income statement will list all revenues and subtract the operational(a) expenses. The buck nub of the revenues minus the operating expenses represents operating income.

The operating income is then subtracted by other expenses not related to trading operations and an income tax allowance. The dollar figure after the computations listed will glow the companys net income. A-Team reviewed the income statement, and determined that the statement did show an accurate net income amount of $45,901,054 for the period of ye ar stopping point December 31, 2003. L! andrys Total Assets According to Landrys coalesced Balance winding-clothes found in Phillips, Libby and Libby, 2006, the total assets for Landrys Restaurants in 2003 is $1,102,785,506. The residue sheet also shows total assets for 2002, which were $933,015,079. separate components of the balance sheet include liabilities and stockholders candour as intumesce as commitments and...If you want to get a full essay, order it on our website: BestEssayCheap.com

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