Financial Statements

This week?s team assignment was drawn turn up for the learning team to discover the remuneration income, total assets, condone the amounts of monies used for properties and equipment, as well as stock options used. In addition, the assignment asked that it be lucubrateed in which components led to these answers and which pecuniary statement was the most valuable in the team?s review. We will detail these questions and provide additional information so that the reader loafer widey understand the portion of Landry?s Restaurants, Inc. 2003 yearly Report. In reviewing of the 2003 one-year Report of Landry?s Restaurants, Inc., we negligence find the total sack income of $45,901.00. The lowest income, or realise profit, is the excess of the tax income over the any expenses incurred in earning the tax (Warren, Fess, Reeve, 1996). In order to get the scratch income, or the realise loss, foot be determined through a coordinated process which two measuring rods are in volved. The first amount involves any revenue being recorded during a detail period of time. The second step involves any expenses used in generating that revenue being matched against the revenue to determine any net income or loss. This amount was given within the company?s Income Statement Report.

The Income Statement Report components consist of several calculative factors such as the restaurant?s operating toll and expenses, including many sub-categories. Other components consist of other (income) and expenses such as interest and provision for income taxes. In the 2003 Landry?s Annual Report, we can fi nd the total assets totaling $1,102,786.00 a! nd can be found in the company?s Balance Sheet portion of the Annual Report. One of the components of this figure consists of the working capital. Assets can be outlined as any physical or tangible items that be possessed of value and that are owned by a railway line entity... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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