Discuss the scf statement of cash flows

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

Reference no: EM131526200

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