This file ACC 300 Week 3 Learning Team Assignment – Landrys consists of the right answers on the following questions:

(Chapter 1 – P1-3A)

1. What is the amount of net income? Which financial statement did you find this information? What are the components of this financial statement?

2. What are the total assets? Which financial statement did you find this information? What are the components of this financial statement?

3. How much did they spend on property and equipment additions? Which financial statement did you find this information? What are the components of this financial statement?

4. Were any stock options exercised? Which financial statement did you find this information? What are the components of this financial statement?

5. Which financial statement do you feel is the most important? Why?