Tyson Food Inc.
Project Assignment
Tyson Food Inc (Filer) CIK: 0000100493
IRS No.: 710225165; State of Incorporation: Delaware; Fiscal Year End: 0929;
Type: 10-K; Act: 34; File No.: 001-14704; Film No.; 101207228;
SIC: 2015 Poultry Slaughtering and Processing
Business Address: 2200 Don Tyson Parkway, Springdale, AR 72762-6999
Telephone number: 479-290-4000
Tyson Foods, Inc. founded in 1935, developed its business as one of the world largest meat and poultry processing and distributing company, and ranked the second-largest food production company in the Fortune 500 (SEC 10-K). During the semester, I will analyze the form 10-K of Tyson Food, Inc., reported to SEC along with significant accounting policies studied on the class. All financial accounting principles are adapted to the rules, principles, and guidance created from Generally Accepted Accounting Principles (GAAP). The first module on the textbook describes the four financial statements. According to Easton et al. (2010), financial statements are the: balance sheet, income statement, statement of stockholder’s equity, and statement of cash flows. A balance sheet indicates the company’s financial status at a point in time. Balance sheet reports the company’s resources as called asset and the sources of asset financing as called owner financing and nonowner financing. Owner financing means owners hold the claim of the company and is referred as the equity; nonowner financing is referred as liabilities. Accounting equation is always described as asset is equal to the sum of liabilities and equity. According to the consolidated balance sheet reported on October 2, 2010 on Form 10-K, the assets was reported as $10,752 million and total liabilities and shareholder’s equity were reported as $10,752 million ($5,551 million as liabilities and $5,201 million as shareholder’s equity, respectively). An income statement shows a company’s accomplishment over a period of time by the revenues and
Tyson Food Inc (Filer) CIK: 0000100493
IRS No.: 710225165; State of Incorporation: Delaware; Fiscal Year End: 0929;
Type: 10-K; Act: 34; File No.: 001-14704; Film No.; 101207228;
SIC: 2015 Poultry Slaughtering and Processing
Business Address: 2200 Don Tyson Parkway, Springdale, AR 72762-6999
Telephone number: 479-290-4000
Tyson Foods, Inc. founded in 1935, developed its business as one of the world largest meat and poultry processing and distributing company, and ranked the second-largest food production company in the Fortune 500 (SEC 10-K). During the semester, I will analyze the form 10-K of Tyson Food, Inc., reported to SEC along with significant accounting policies studied on the class. All financial accounting principles are adapted to the rules, principles, and guidance created from Generally Accepted Accounting Principles (GAAP). The first module on the textbook describes the four financial statements. According to Easton et al. (2010), financial statements are the: balance sheet, income statement, statement of stockholder’s equity, and statement of cash flows. A balance sheet indicates the company’s financial status at a point in time. Balance sheet reports the company’s resources as called asset and the sources of asset financing as called owner financing and nonowner financing. Owner financing means owners hold the claim of the company and is referred as the equity; nonowner financing is referred as liabilities. Accounting equation is always described as asset is equal to the sum of liabilities and equity. According to the consolidated balance sheet reported on October 2, 2010 on Form 10-K, the assets was reported as $10,752 million and total liabilities and shareholder’s equity were reported as $10,752 million ($5,551 million as liabilities and $5,201 million as shareholder’s equity, respectively). An income statement shows a company’s accomplishment over a period of time by the revenues and