Title | Sheraton Corporation of America, 1952 Annual Report |
Creator (LCNAF) |
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Publisher | Starwood Hotels & Resorts |
Date | 1952 |
Description | Sheraton Corporation of America Annual Report for the year ending on April 30, 1952. |
Subject.Topical (LCSH) |
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Subject.Name (LCNAF) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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Original Item Location | Conrad N. Hilton Papers |
Digital Collection | Annual Reports from the Hospitality Industry Archives |
Digital Collection URL | http://digital.lib.uh.edu/collection/hiltonar |
Repository | Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston |
Repository URL | http://www.uh.edu/hilton-college/About/hospitality-industry-archives |
Use and Reproduction | No Copyright - United States |
File Name | index.cpd |
Title | Image 13 |
Format (IMT) |
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File Name | hiltonar_201609_019_013.jpg |
Transcript | >F AMERICA AND SUBSIDIARIES Ap3KKrVL ReSBTbT d\ Income Statement For the Year ended April 30, 1952 April 30, 1951 NET INCOME BEFORE PROFIT FROM TRANSACTIONS IN SECURITIES AND REAL ESTATE {Brought Forward) Profit from Securities Transactions ........ Less — Income Taxes thereon ......... NET PROFIT FROM TRANSACTIONS IN SECURITIES . Profit from Transactions in Real Estate ....... Less — Discounts allowed on Dispositions of Mortgages Received on Sales of Real Estate ... Income Taxes thereon ........ Net Profit from Transactions in Real Estate ....... Income and Profits for the Year . . ■. Minority Interests in Income and Profits Net Income and Profits for the Year ...... Other Credits Adjustments of Prior Years' Federal Taxes . . . . . Real Estate Tax Refunds (Net) ....... TOTAL ADDITIONS TO EARNED SURPLUS FOR THE YEAR $ 2,922,164 $ 3,361,788 91,712 249,659 — 674 91,712 248,985 1,969,081 963,857 261,822 — 1,707,259 963,857 602,475 21,756 1,104,784 942,101 4,118,660 4,552,874 350,179 459,140 3,768,481 4,093,734 413,626 700,744 — 115,778 $ 4,182,107 $ 4,910,256 In order to conform to the accounting procedures followed for the year ended April 30, 1952, the statement for the year ended April 30, 1951 has been adjusted by the transfer of payroll taxes and other payroll expenses from Administrative and General Expense to Departmental Costs and Expenses, and by the transfer of Public Rooms Income from Rooms Income to Food Income. See Notes to Financial Statements on page 13. 11 |