Southwest Airlines Co. is one of the most successful airlines in the United States. Its annual report

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Southwest Airlines Co. is one of the most successful airlines in the United States. Its annual report contains this statement: “We are a company of People, not Planes. That is what distinguishes us from other airlines and other companies. At Southwest Airlines, People are our most important asset.” Are employees considered assets in the financial statements? Why or why not? Discuss in what sense Southwest considers its employees to be assets.


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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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