For Darden Restaurants Inc. the eternal rest sheet they have chosen to carve up their assets in what can be considered a traditional coiffe. The play along lists first the actual assets much(prenominal) as cash, inventories, and pre paid items. succeeding(prenominal) on the list ar items such as buildings and equipment. in all these items are transparent, visible, or psychical. at long last Darden lists for the assets section are non tangible goods such as goodwill, trademarks, and other non-specified assets. The following section of the balance sheet break down are the current liabilities such as accounts payable, accrued payroll, unearned revenues, and short term debt. pursual this section is long term debt, deferred taxes or rent, and other liabilities which are all separated in their own non-specifically categorized groups. Lastly the balance sheet has the stock holders equity section which includes retained earnings, common stock, treasury stock, and unearned compensation all listed under that title. This is the format expected by the generally accepted method of accounting principles which requires all three items; assets, liabilities, and stock holders equity to all broken into three separate sections as salutary as each section is ask to have current and noncurrent items listed separately.
Darden Restaurants also completes the income statement format required by the GAAP standards by listing a itemized format containing the income for the period along with dividends declared, stock option exercises, and stock option by back for the company. All these items are required to be listed in accurate format by the Sarbanes-Oxley practice of 2002 which specifies all listed fiscal amounts are to be specific, accurate, as hale as verified not only by the chief operating officer and company financial officers but by an outside accounting firm. The financial teams for companies are held accountable for the reports once published.
The latest financial statements published by Darden were the balance and income sheet of the company for public...If you indigence to get a full essay, order it on our website: Orderessay
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