Chapter 1, Problem 1.24E

Financial statement items

Though the McDonald’s (MCD) menu of hamburgers, cheeseburgers, the Big Mac, Quarter Pounder, Filet-O-Fish, and Chicken McNugges is easily recognized. McDonalds finan cial statements may not be as familiar. The following items sere adapted from a recent annual report of McDonalds Corporation:

1. Accounts payable
2. Accrued Interest payable
3. Cash
4. Cash provided by operations
S. Common Stock
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
Net increase in cash
Notes payable
Notes receivable
Occupancy and rent expense
Payroll expense
Prepaid expenses not yet used in operations
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: