Accounting

Using Financial Statements Keith Abbott, Shane Baller, Michael Billingsley and Mary Hoffman University of Phoenix Flexnet ACC 300 6/9/2009 Using Financial Statements Using the pecuniary operating instructions of Landrys Restaurants ( ), police squad c testament preparation atomic number 18 a paper natural covering net income, tote up assets, property and equipment expenditures, and pains of computer address options. sugar Income Net income is the amount of income a accompany has later their expenses are subtracted from the total revenue. The net income outhouse be held by the company as retained earnings or can be distributed to the stock holders through dividends. Quite often, net income is referred to as the bottom line; it is instal at the end of the companys income statement and thus, gets its name. The net income for Landrys Restaurant is $300,000. The comp binglents of the financial statement where one finds the net income are each of the expenses much(prenominal) as minority interest and stock dividends. The revenue: embody of goods sold, sales discount, sales returns will also be found on the financial statement. After subtracting the expenses from the revenue you will let out the net income of the company.

heart Assets Total assets are defined as the physical items that a business owns including money, receivables, investments, buildings, equipment, and inventory to name a few. Current assets are assets that either are cash nowad ays or will become cash within the contiguo! us 12 months. placed assets are items owned for the purpose of producing income, most examples are buildings, vehicles, equipment, furniture, and computers. opposite assets are items owned that do no fit in the above two categories, some examples would be patents, copyrights, and utility deposits. (Arkansas miserable Business and Technology Development Center, 2008). In this instance the total assets of Landrys Restaurants are taken from the relief sheet. Listing them in the order on the balance sheet...If you insufficiency to get a full essay, order it on our website: BestEssayCheap.com

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