Financial Reporting Problem, Part1 ACC/290 January 23, 2011 Professors Name Financial Reporting Problem, Part1 Ameristar gambling casino filed its social classly report with the United States Securities and Exchange Commission for the fiscal year ending December 31, 2011 (Ameristar Casino, 2010) Ameristar classifies its self as an owner, developer, and factor of cassino entertainment facilities in viii markets (Ameristar Casino, 2010). Ameristar Casino believes the friendships experience makes them different from their competitors. They strive to maintain towering part facilities, products, time slots, food, lodging, and entertainment (Ameristar Casino, 2010). They currently own eight properties and employ 7,600 group members. Most of Ameristars revenue comes from slot railcars. They as well turn out blackjack, craps, roulette, and poker on many of their properties. On February 21, 2011, the founder Craig Nielsen succumbed. Ameristar purchased 26.15 billion sh ars of stock from his wife, for $457.62 meg (Ameristar Casino, 2010). Ameristars thoroughgoing assets for December 31, 2010, were $2,061,542,000 (Ameristar Casino, 2010). The total assets for December 31, 2009, were $161,142,000 (Ameristar Casino, 2010). The assets are classical as touchable and nonphysical assets add measure to the organization.
It is also a way of securing pay if needed. another(prenominal) important land is a keep company protects their assets; it also reduces the risk to the business. When a company maintains tangible assets like slot utensils, it saves the company form preventive risk s and loss of time the machine is out of ser! vice. When a machine is out of service, the casino loses money. Another safeguard is protecting brands and batch secrets. This is a safety visor for protecting the business from competitors exhausting to use their ideas. Assets could be important by offering capability savings to the company. It may be cheaper to sell a tangible asset instead of leasing it. This allows Ameristar casino to have up-to-date...If you want to wreak a full essay, rig it on our website:
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