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Hot Shoppes, Inc., 1963 Annual Report
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Marriott Hot Shoppes. Hot Shoppes, Inc., 1963 Annual Report - Image 8. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 21, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/221/show/215.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes. (1963). Hot Shoppes, Inc., 1963 Annual Report - Image 8. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/221/show/215

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott Hot Shoppes, Hot Shoppes, Inc., 1963 Annual Report - Image 8, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 21, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/221/show/215.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hot Shoppes, Inc., 1963 Annual Report
Creator (LCNAF)
  • Marriott Hot Shoppes
Publisher Marriott Hot Shoppes
Date 1963
Description Hot Shoppes, Inc. Annual Report for the fiscal year ending on July 28, 1963.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott Hot Shoppes
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
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
Item Description
Title Image 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_034_008.jpg
Transcript LIABILITIES AND STOCKHOLDERS' INVESTMENT I CURRENT LIABILITIES 1963 Current Maturities of Long-Term Debt $ 244,266 Accounts Payable I 1,810,563 Construction Contract Accruals I 397,522 Accrued Expenses Salaries, Wages and Bonuses I 2,194,951 Income Taxes I 1,006,197 Rent, Utilities, Insurance, etc I 925,967 Other Taxes I 487,978 Total Current Liabilities $ 7,067,444 LONG-TERM DEBT (Note 2) I 1,120,829 DEFERRED INCOME TAXES (Note 4) (Substantially Related to Accelerated Depreciation) I 2,616,436 Total Liabilities $10,804,709 STOCKHOLDERS' INVESTMENT Capital Stock — $1 Par Value Common — 3,000,000 Shares Authorized; outstanding $ 2,018,014 Class B Common — 750,000 Shares Authorized; outstanding I 2,000 Total Capital Stock $ 2,020,014 Capital Surplus (Note 3) I 9,135,805 Earned Surplus I 7,586,643 Total Stockholders' Investment $18,742,462 TOTAL LIABILITIES AND STOCKHOLDERS' INVESTMENT $29,547,171 1962 $ 365,000 1,697,449 25,432 2,039,790 967,096 683,209 369,417 $ 6,147,393 1,365,094 1,852,108 $ 9,364,595 $ 1,540,797 401,716 $ 1,942,513 7,353,282 7,066,695 $16,362,490 $25,727,085 NOTE 3 The increase of $1,782,523 in Capital Surplus represents the excess of fair market value over the par value of 77,501 shares of capital stock issued as a 4% stock dividend. NOTE 4 Under the Revenue Act of 1962 the companies receive investment credits against income tax liablity which credit is based, with certain limitations, on the investment in qualified property placed in service during the year. In the financial statements 50% of the investment credit has been deferred to subsequent periods to offset reduced tax depreciation deductions and 50% has been reflected as a reduction of Federal Income Tax expense, with a corresponding increase of $66,500 in-net income for 1963.