Case Study : The New York Stock

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A worldwide, retailer of video game products, consumer electronics and wireless services, GameStop originates from Babbage 's, a software retailer that began in Dallas, Texas. The switch from Babbage 's to GameStop happened when a series of mergers began. “As a rapidly growing global gaming entertainment, consumer electronics, and wireless services retailer with more than 6,600 stores worldwide, GameStop is a family of specialty retail brands that makes the most popular technologies affordable and simple.” (GameStop, 2016). These thousands of stores that GameStop has opened are stationed throughout the United States, Canada, Australia, New Zealand, and Europe. Barnes & Noble’s went public in February of 2012 with GameStop on the New York…show more content…
That’s a lot of different services that are offered to the world and many businesses. They are categorized as Specialty Retailers, “The general business activity and principal products or commercial enterprise of GameStop are categorized as being part of the Specialty Retailers Industry.” (Making A Fortune, n.d.). They specifically retail in video game hardware and software. They also deal within: video games, electronics of all sorts (cell phones, computers, tablets, multimedia devices). Tapping into all these different markets can only mean that GameStop must do well when it comes to making money and keeping their finances in order. The inventory that GameStop has in accounting would be the different video game hardware’s and software’s as well as the electronic assortments that are being distributed. GameStop has many assets under its budget ranging from goodwill, buildings and leasehold improvements, fixtures and equipment, deferred income taxes and merchandise inventories. GameStop has a lot of Critical Accounting Policies one being, “Revenue Recognition. Revenue from the sales of the Company’s products is recognized at the time of sale. The sales of used video game products are recorded at the retail price charged to the customer. Sales returns (which are not significant) are recognized at the time returns are made. Subscription and advertising revenues are recorded upon release of magazines for sale to
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