Reference no: EM131526200
Question: Though the McDonald's menu of hamburgers, cheeseburgers, the Big Mac®, Quarter Pounder®, the Filet-O-Fish®, and Chicken McNuggets® is easily recognized, McDonald's financial statements 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 operations
6. Food and packaging costs used in
7. Income tax expense operations
8. Interest expense
9. Inventories
10. Long-term debt payable
11. Net income
12. Net increase in cash
13. Notes payable
14. Notes receivable
15. Occupancy and rent expense
16. Payroll expense operations
17. Prepaid expenses not yet used in
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
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