This case is a continuation of the Caesars Entertainment Corporation serial case that began in Chapter 1.

Question:

This case is a continuation of the Caesars Entertainment Corporation serial case that began in Chapter 1. Refer to the introductory story in Chapter 1 (see page 43) for additional background. (The components of the Caesars serial case can be completed in any order.)
What follows is a table listing condensed revenue and expense figures for Caesars Entertainment Corporation for the years ending December 31, 2012 through 2014.
2014 2012 $ 634 (315) 3,368 1,438 289 3,761 5,916 1,147 2013 $ 639 73 3,112 1,451 296 Food and beverage expenses Other r

Requirements
1. Using the data provided, construct income statements for each of the three years; include the proper headings.
2. Did Caesars's operating income increase or decrease over the three-year period presented?
3. Which division, Food and Beverage, Casino, Rooms, or Other generated the most revenue for Caesars in 2014? Which division generated the most operating income in 2014?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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