What stands out to you in the asset accounts

Assignment Help Accounting Basics
Reference no: EM13836772

Problem 1:  On the balance sheet, what stands out to you in the asset accounts? Liability accounts? Equity accounts?

Problem 2: On the income statement, what revenue accounts stand out to you? Expense accounts? Where do you think depreciation is hiding?

MARRIOTT INTERNATIONAL, INC.

CONSOLIDATED BALANCE SHEETS

Fiscal Year-End 2013 and 2012

($ in millions)

ASSETS

 

December 31,
2013

December 28,
2012

 

 

 

Current assets

 

 

 

Cash and equivalents

$

126                $

88

Accounts and notes receivable, net (1)

 

1,081

1,028

Current deferred taxes, net

 

252

280

Prepaid expenses

 

67

57

Other

 

27

22

Assets held for sale

 

350

 

 

 

1,903

1,475

Property and equipment

 

1,543

1,539

Intangible assets

 

 

 

Goodwill

 

874

874

Contract acquisition costs and other (1)

 

1,131

1,115

 

 

2,005

1,989

Equity and cost method investments (1)

 

222

216

Notes receivable, net (1)

 

142

180

Deferred taxes, net (1)

 

647

676

Other (1)

 

332

267

 

$            6,794   $            6,342

LIABILITIES AND SHAREHOLDERS' DEFICIT

 

 

 

Current liabilities

 

 

 

Current portion of long-term debt

$

6              $

407

Accounts payable (1)

 

557

569

Accrued payroll and benefits

 

817

745

Liability for guest loyalty programs

 

666

593

Other (1)

 

629

459

 

 

2,675

2,773

Long-term debt

 

3,147

2,528

Liability for guest loyalty programs

 

1,475

1,428

Other long-term liabilities (1)

 

912

898

Shareholders' deficit

 

 

 

Class A Common Stock

 

5

5

Additional paid-in-capital

 

2,716

2,585

Retained earnings

 

3,837

3,509

Treasury stock, at cost

 

(7,929)

(7,340)

Accumulated other comprehensive loss

 

(44)

(44)

 

 

(1,415)

(1,285)

Attachment:- Marriott_2013_Income_Statement.pdf

Reference no: EM13836772

Questions Cloud

Compare and contrast two jim crow narratives : Compare and contrast two Jim Crow narratives from two different states.Remember to explain what details and experiences these people gave in describing the institution of segregation and the practice of using Jim Crow laws in society. Compare the two..
Connecticut and new hampshire were settled : You will write a 750-word MLA style essay the troubles that developed around the Puritans of Massachusetts and why Rhode Island     , Connecticut and New Hampshire were settled.
What role does prior knowledge play transfer : What role does prior knowledge play transfer? In learning? What experiences have you had with attempting to use prior knowledge in new situations? Was your attempt to use prior knowledge helpful or unhelpful
How does wardle address a potential objection to her ideas : How does Wardle address a potential objection to her ideas? Do you agree with Wardle's response to that objection? Why or why not
What stands out to you in the asset accounts : Problem 1:  On the balance sheet, what stands out to you in the asset accounts? Liability accounts? Equity accounts?
Identify the naics code of your industry : Analysis on your industry- identify the NAICS code of your industry; and identify relevant online sources from where you will get the information for doing the research
Prepare journal entries to record transactions of sweet ltd : Prepare the journal entries to record the transactions of Sweet Ltd up to and including that which took place on 20 May 2015. Show all relevant dates, narrations and workings.
Demonstrate an understanding of the controversy : demonstrate an understanding of the controversy
Explain the history behind the black soldier of the civil : Explain the history behind the Black Soldier of the Civil War

Reviews

Write a Review

Accounting Basics Questions & Answers

  Peter johnson invests 2131008 now for a series of 3000

peter johnson invests 21310.08 now for a series of 3000 annual return biginning one year from now. peter will earn 10

  Documents for the management at apollo shoes

Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.

  Earnings per share

Earnings per share

  Prerequisite for both academic and professional success

Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course.

  Cost data for managerial purposes beige computers operates

cost data for managerial purposes beige computers operates retail stores in both downtown city and suburban mall

  Required compute berclairs earnings per share for the year

on december 31 2008 berclair inc. had 200 million shares of common stock and 3 million shares of 9 100 par value

  If a company issues common stock with no par- or

if a company issues common stock with no par- or stated-value then the journal entry for an ipo initial public offering

  Which of the above activities might be reduced or

a corporation is considering implementation of a jit inventory system. the companys industrial engineer recently

  This assignment is to be done alone it is due in class by

this assignment is to be done alone. it is due in class by the posted due date with no exceptions. other than the

  Suppose a holiday inn hotel has an annual fixed costs

suppose a holiday inn hotel has an annual fixed costs applicable to its rooms of 1.2 million for its 300 room hotel.

  Type of business determine appropriate information system

When considering the impact of the information age on business, what are some issues business owners should address in deciding to use information technology. Would the type of business determine the appropriate information system?

  Credit sales is collected in the month of the sale

Credit sales is collected in the month of the sale

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd