ACC497Week2IndAssignmentB

ACC497Week2IndAssignmentB - Financial Statements Paper Part...

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Financial Statements Paper Part I
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Financial Statements Paper Part I Laundry's Restaurants, Inc is an American Corporation which is engaged in the business of developing restaurants and hospitality projects. The company started during 1980 initially with Seafood House Restaurant at Texas. In 1998, the company completed development of 35 acre Kemah Boardwalk which consists of restaurants, hotels, amusement rides, marina etc. Laundry's Restaurants, Inc started small chain of seafood restaurants during 2003. The company has a policy and started paying dividends from 2000 with an annual dividend of $0.10 per share. The income statement of every company will tell the position of payment of dividends and availability of funds. The income statements of the company will influence business decisions. For example dividend decision is made as non- available of huge revenues The income statements provide various information which includes all expenditures, provisions, contingencies besides income accrued from the business, income received from the specific business. With such income statements, the investors will be able to understand the surplus amount available or loss attached with the company. Laundry's Restaurants, Inc received an increase in revenue in 2003. Revenues went from $894,794,621 in 2002 to $1,105,755,057 in 2003. There was an increase of $210,960,436 or 23.6%. The total increase or
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ACC497Week2IndAssignmentB - Financial Statements Paper Part...

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