What are two accounts in the Marriott income statement that show the biggest change over the...

What are two accounts in the Marriott income statement that show the biggest change over the past 3 years? What information in the 10-K report helps to explain these changes?

Expert Solution

(All the information has been obtained from Marriott’s latest 10k which was filed on March 1, 2019 and pertains to the period ending December 31, 2019).

(All $ figures are in millions).

The two accounts in the Marriott income statement that show the biggest change over the past 3 years are: (i) gains and other income (ii) equity in earnings

The company’s gains and other income account saw a 13,660% increase in 2017 to $688 from $5 in 2016. In 2018 the change was -71.80% as the account declined to $194 in 2018. The company’s equity in earnings account increased by 344.44% in 2017 to $40 from $9 in 2016. In 2018 it increased by 157.50% to $103.

The footnotes in the company’s 10k helps to explain these changes. Changes in gains and other incomes was explained by changes in management fees that the company earns. Changes in equity in earnings was attributed to changes in the company’s use of equity method investments in entities that own properties for which the company provides management services.

jeff jeffy answered 6 months ago

What are two accounts in the Choice Hotels income statement that show the biggest change over...

What are two accounts in the Choice Hotels income statement that show the biggest change over the past 3 years? What information in the 10-K report helps to explain these changes?

The income statement is a change statement. Explain what is meant by this.

The income statement is a change statement. Explain what is meant by this. Briefly explain the...

The income statement is a change statement. Explain what is meant by this. Briefly explain the difference between the single-step and multiple-step income statement formats. Distinguish between the direct method and the indirect method for reporting the results of operating activities in the statement of cash flows.

What are some of the accounts in a trial balance or income statement which can be...

What are some of the accounts in a trial balance or income statement which can be considered as Fraud risk and inherent risk?

What are some accounts in the income statement that can distort the true earning of the...

What are some accounts in the income statement that can distort the true earning of the company? How does debt affect the the three cash flow statements? How does debt impact all 3 financial statements? If you have two companies, one uses FIFO and the other FIFO, which of the two has the most income and which has the most expenses? How does a convertible bond that turns into equity affect the three financial statements

1. what items in the income statement explain he change in income from continuing operations as...

1. what items in the income statement explain he change in income from continuing operations as a percentage of revenue 2. what are possible explanation for changes in the percentage of operating costs

Why are income statement accounts considered temporary accounts? 200 words

1. Over what period should the following be included as an expense in the income statement?...

1. Over what period should the following be included as an expense in the income statement? (a) The interest paid on a five-year corporate bond. (b) The cost of a truck with an estimated fifteen-year economic life. (c) The annual bonus earned by chief executive officers and paid in the following year. (d) The one-time premium paid on a 10-year insurance policy. (e) What basic accounting concepts do your answers reflect?

Evaluate this statement: "Income inequality can rise over time even when there is income mobility over...

Evaluate this statement: "Income inequality can rise over time even when there is income mobility over time." Explain what it means. Is it true? Why or why not? Cite evidence.

Using the following accounts, prepare an Income Statement Accounts receivable $ 237,000 Inventory 243,000 Accounts payable...

Using the following accounts, prepare an Income Statement Accounts receivable $ 237,000 Inventory 243,000 Accounts payable 89,000 Notes payable 169,000 Cash 95,000 2,080,976 Sales (Sales = Income) Interest expense 19,296 Fixed assets 500,000 87,000 Accruals (accumulated) 188,000 Long Term Debt 255,000 Comon stock (common equity) 40% Taxes 212,000 Retained earnings 75,000 Accumulated depreciation

Question