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pecuniary Reporting Problem, Part1 ACC/290 January 23, 2011 Professors Name Financial Reporting Problem, Part1 Ameristar Casino filed its hearty classly report with the United States Securities and mass meeting Commission for the fiscal division ending December 31, 2011 (Ameristar Casino, 2010) Ameristar classifies its ego as an owner, developer, and operator of cassino entertainment facilities in octonary markets (Ameristar Casino, 2010). Ameristar Casino believes the confederations experience makes them different from their competitors. They get to to maintain high pull up stakes facilities, products, time slots, food, lodging, and entertainment (Ameristar Casino, 2010). They currently own eight properties and apply 7,600 group members. Most of Ameristars revenue comes from slot railcars. They as well turn disclose blackjack, craps, roulette, and poker on some of their properties. On February 21, 2011, the founder Craig Nielsen succumbed. Ameristar purchased 26.15 million shares of stock from his wife, for $457.62 million (Ameristar Casino, 2010). Ameristars thoroughgoing summations for December 31, 2010, were $2,061,542,000 (Ameristar Casino, 2010). The sum assets for December 31, 2009, were $161,142,000 (Ameristar Casino, 2010). The assets are real as real(a) and impalpable assets add value to the organization.

It is similarly a way of securing cede if needed. another(prenominal) important reason is a company protects their assets; it also reduces the essay to the business. When a company maintains tangible assets like slot machines, it saves the company form safety risks and overtaking of time the machine is disclose of service. When a machine is bulge out of service, the casino loses money. Another safety device is defend brands and trade secrets. This is a safety visor for protecting the business from competitors trying to implement their ideas. Assets could be important by offering potential nest egg to the company. It may be cheaper to deal a tangible asset instead of leasing it. This allows Ameristar casino to beget up-to-date...If you want to get a full essay, rig it on our website: Ordercustompaper.com

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