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Denbury Resources Inc.

See attached file for full problem description.

Denbury Resources Inc. presented these consolidated statements of operations for the year ended December 31, 2001, 2000, and 1999.

a. What does it mean that the statements are "Consolidated Statements of Operations"?

b. Does it appear that Denbury Resources Inc. has consolidated subsidiaries in which it has less than 100% ownership? Explain.

c. Assume that "Loss on Enron related assets" is nonrecurring. What would be the net income if this item were removed?

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a. What does it mean that the statements are "Consolidated Statements of Operations"?

It means that this is the statements, which combines the activities of Denbury Resources Inc. and its subsidiaries.

b. Does it appear that Denbury Resources ...

Solution Summary

This solution is comprised of a detailed explanation to answer what does it mean that the statements are "Consolidated Statements of Operations", consolidated subsidiaries of Denbury Resources Inc., and the net income if "Loss on Enron related assets", which is nonrecurring is removed.

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