资源描述：
《investing and financing decisions and the balance sheet》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、ConfirmingPagesLEARNINGOBJECTIVESAfterstudyingthischapter,youshouldbeableto:1.Definetheobjectiveoffinancialreporting,theelementsofthebalancesheet,andtherelatedkeyaccountingassumptionsandprinciples.p.452.Identifywhatconstitutesabusinesstransactionandrecogniz
2、ecommonbalancesheetaccounttitlesusedinbusiness.p.503.ApplytransactionanalysistosimplebusinesstransactionsintermsoftheLecturedPresentationLP–2accountingmodel:Assets = Liabilities + Stockholders’Equity.p.52www.mhhe.com/libby7e4.Determinetheimpactofbusinesstra
3、nsactionsonthebalancesheetusingtwobasictools,journalentriesandT-accounts.p.575.Prepareasimpleclassifiedbalancesheetandanalyzethecompanyusingthecurrentratio.p.666.Identifyinvestingandfinancingtransactionsanddemonstratehowtheyarereportedonthestatementofcashfl
4、ows.p.70lib11021_ch02_042-099.indd4204/06/104:02PMConfirmingPagesCHAPTERTWOINVESTINGANDFINANCINGDECISIONSANDTHEBALANCESHEETnthepizzasegmentofthehighlycompetitiverestaurantbusiness,PapaJohn’scontinuestofightthebattletobecometheNo.1pizzabrandintheworld,taking
5、onindustryleaderIPizzaHutasitsprimarytarget.In2000,throughaggressiveexpansion,PapaJohn’smovedaheadofLittleCaesar’storankthirdinsalesbehindgiantsPizzaHutandDomino’s.Withmorethan3,300restaurantsintheUnitedStatesandabroad,thecompanyhasgrowntremendouslysinceits
6、beginningsin1983whenFOCUSCOMPANY:JohnSchnatter,founderandchiefexecutiveofficer,knockeddownPapaJohn’sInternationalclosetwallsatabarhewastend-ingtoinstallapizzaoven.TenyearsEXPANSIONSTRATEGYINTHElater,PapaJohn’sbecameapublic“PIZZAWARS”companywithstocktradingo
7、ntheNASDAQexchange(underthesymbolwww.papajohns.comPZZA).Thecompany’sbalancesheetattheendof2008comparedtotheendof1994(inmillionsofdollars*)highlightsitsgrowth:Assets=Liabilities+Stockholders’EquityEndof2008$387$257$130Endof1994761363Change+ $311+ $244+ $67In
8、recentyears,competitionhasstiffenednotonlyfromtraditionalpizzachainsbutalsofromnichedwellers—take-and-bakepizzachains,frozenpizzacompanies,carry-outinitia-tivesfromrestaurantssuchasApplebee’sandChili’s
