The following items are classified as current liabilities on McDonald's consolidated statements of financial condition (or balance

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The following items are classified as current liabilities on McDonald's consolidated statements of financial condition (or balance sheet) at December 31 (in millions):

The following items are classified as current liabilities on McDonald's

Required
1. McDonald's uses the indirect method to prepare its statement of cash flows. Prepare the Operating Activities section of the cash-flow statement, which indicates how each item will be reflected as an adjustment to net income. If you did not include any of the preceding items, explain why.
2. How would you decide if McDonald's has the ability to pay these liabilities as they become due?

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