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

  79 fitness club provides monthly membership as well as

79 fitness club provides monthly membership as well as personal training session. the personal trainers earn 50 of the

  Determining gross profit method

King Co. requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $76,000. Purchases since January 1 were $144,000; freight-in, $6,800; purchase returns and allowances, $4,800.

  Determine the following measures for the fiscal years ended

the financial statements for nike inc. are available at the appendix b link above. the following additional information

  How much will appling''s earnings be increased

By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?

  Investment in pirates corporation stock

There were no other transactions between the two companies. Ignoring income taxes, Mets' statement of income for the year ended December 31, 2011, should include "Income From Investment in Pirates Corporation Stock" in the amount of:

  From the account balances listed below prepare a schedule

from the account balances listed below prepare a schedule of cost of goods manufactured for sampson manufacturing

  Which classification of investments is used when a

1.which classification of investments is used when a compatemporary changes in the value of securities after purchase

  The break-even point in sales dollars for the entire company

The break-even point in sales dollars for the entire company

  If cityfarm has 5 million per day in collections and 3

city farm insurance has collection centersacross the country to speed up collections. the company also makes

  A company had calculated net income to be 77550 based on

a company had calculated net income to be 77550 based on the unadjusted trial balance. the following adjusting journal

  What are the tax consequences in year one

Britney is beneficiary of an $150,000 insurance policy on her father's life. Upon his death, she may elect to receive the proceeds in five yearly installments of $32,000 or may take the $150 lump sum. She elects to take the lump sum payment. What ..

  Part wy4 costs the eastern division of tyble corporation 26

part wy4 costs the eastern division of tyble corporation 26 to make-direct materials are 10 direct labor is 4 variable

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