Hyatt Hotels Corporation is headquartered in Chicago and is a leading global hospitality company. The company develops, owns, and operates hotels, resorts, and vacation ownership properties in 60 different countries.

Requirements
1. Review Hyatt Hotels Corporation’s income statement for year ended December 31, 2018. What does the income statement report? What was the amount of net income or loss for the year ending December 31, 2018?
2. Review the accounts that are listed on Hyatt Hotels Corporation’s income statement and balance sheet. What are some examples of accounts that would be closed during the closing process?
3. Review the Hyatt Hotels Corporation’s balance sheet. What does the balance sheet tell an investor? Did Hyatt Hotels Corporation present an unclassified or classified balance sheet? Explain.