An investment analyst has been studying the long-term prospects of Six Flags Entertainment Corporation and has asked for assistance. Go to www.sixflags.com and click on “Investors” at the top of the page. Then, click on “Financial Information” on the left side of the next page and then on “Annual Reports.” Finally, scroll down to a list of annual reports and click on “2013 Annual Report.” Scroll down and locate note 2 to the financial statements on page 48 of the annual report, “Chapter 11 Reorganization.”

Required

Write a memo to summarize the information found in this note and the impact on the financial statements of applying fresh start accounting.