Hey this is my question. it seem bask but i have no idea how to deal with it. pl
ID: 2434412 • Letter: H
Question
Hey this is my question. it seem bask but i have no idea how to deal with it.please provide me the correct answer.Thank you.
Though the McDonald's menu of hamburgers, cheeseburgers. the big mac, quarter Pounder, Filet-O- fish and chicken MC nuggets is easily recognized, McDonald's financial statement may not be as familiar. the following items were adapted from a recent annual report of McDonald's corporation.
1- accounts payable
2 accrued interest payable
3 capital stock outstanding
4 cash
5 cash provided by operation
6 food and packaging costs used in operations
7 income tax expense
8 interest expense
9 inventories
10 long-term debt payable
11 net income
12 net increase in cash
13 note payable
14 notes receivable
15 occupancy and rent expense
16 payroll expense
17 prepaid expenses not yet used in operations
18 property and equipment
19 retained earnings
20 sales
identify the financial statement on which each of the preceding items would appear. an item may appear on more than one statement. use the following notations:
IS income statement
RE Retained earnings statement
BS Balance sheet
SCF statement of cash flows
Explanation / Answer
hamburgers cheeseburgers the big mac quarter Pounder Filet-O- fish chicken MC nuggets Above are McDnald products so they will basically appear in below statements wout excption : 1- accounts payable 5 cash provided by operation 6 food and packaging costs used in operations 9 inventories 13 note payable 15 occupancy and rent expense 16 payroll expense 17 prepaid expenses not yet used in operations 18 property and equipment 20 sales