Identify and explain where the deconsolidated information came from, why you chose what you chose to deconsolidate,
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Identify and explain where the deconsolidated information came from, why you chose what you chose to deconsolidate, how it looks afterward, and then have a discussion about its importance.
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Consolidated Statement of Income In millions, except per share data REVENUES Sales by Company-operated restaurants Revenues from franchised restaurants Total revenues OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper Payroll & employee benefits Occupancy & other operating expenses Franchised restaurants-occupancy expenses Selling, general & administrative expenses Other operating (income) expense, net Total operating costs and expenses Operating income Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 Nonoperating (income) expense, net Income before provision for income taxes Provision for income taxes Net income Earnings per common share-basic Earnings per common share-diluted Dividends declared per common share Weighted-average shares outstanding-basic Weighted-average shares outstanding-diluted See Notes to consolidated financial statements. Years ended December 31, 2017 $ 12,718.9 10,101.5 22,820.4 24.621.9 4,033.5 3,528.5 2,847.6 1,790.0 $ $ $ 8,573.5 3,381.2 $5,192.3 2016 $ 15,295.0 9,326.9 2,231.3 (1,163.2) 13,267.7 16,877.4 9,552.7 7.744.5 921.3 884.8 57.9 6.43 $ 807.4 815.5 3.83 $ 4,896.9 4,134.2 3,667.7 1,718.4 2,384.5 75.7 6,866.0 2.179.5 $ 4,686.5 (6.3) 2015 854.4 861.2 $ 16,488.3 8,924.7 25,413.0 ******* 5,552.2 4,400.0 4,024.7 1,646.9 2,434.3 209.4 6,555.7 2,026.4 $ 4,529.3 5.49 $ 4.82 5.44 $ 4.80 3.61 $ 3.44 939.4 944.6 18,267.5 7.145.5 638.3 (48.5) Consolidated Statement of Income In millions, except per share data REVENUES Sales by Company-operated restaurants Revenues from franchised restaurants Total revenues OPERATING COSTS AND EXPENSES Company-operated restaurant expenses Food & paper Payroll & employee benefits Occupancy & other operating expenses Franchised restaurants-occupancy expenses Selling, general & administrative expenses Other operating (income) expense, net Total operating costs and expenses Operating income Interest expense-net of capitalized interest of $5.3, $7.1 and $9.4 Nonoperating (income) expense, net Income before provision for income taxes Provision for income taxes Net income Earnings per common share-basic Earnings per common share-diluted Dividends declared per common share Weighted-average shares outstanding-basic Weighted-average shares outstanding-diluted See Notes to consolidated financial statements. Years ended December 31, 2017 $ 12,718.9 10,101.5 22,820.4 24.621.9 4,033.5 3,528.5 2,847.6 1,790.0 $ $ $ 8,573.5 3,381.2 $5,192.3 2016 $ 15,295.0 9,326.9 2,231.3 (1,163.2) 13,267.7 16,877.4 9,552.7 7.744.5 921.3 884.8 57.9 6.43 $ 807.4 815.5 3.83 $ 4,896.9 4,134.2 3,667.7 1,718.4 2,384.5 75.7 6,866.0 2.179.5 $ 4,686.5 (6.3) 2015 854.4 861.2 $ 16,488.3 8,924.7 25,413.0 ******* 5,552.2 4,400.0 4,024.7 1,646.9 2,434.3 209.4 6,555.7 2,026.4 $ 4,529.3 5.49 $ 4.82 5.44 $ 4.80 3.61 $ 3.44 939.4 944.6 18,267.5 7.145.5 638.3 (48.5)
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ANSWER Consolidated Financial Statements are the overall groups financial statements representing th... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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