The following items are included in the Current Liabilities category on the consolidated balance sheet of Darden

Question:

The following items are included in the Current Liabilities category on the consolidated balance sheet of Darden Restaurants at 2011 and 2010:

The following items are included in the Current Liabilities category


Required

1. Darden Restaurants 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.

2. If you did not include any of the preceding items in your answer to part (1), explain how these items would be reported on the statement of cash flows.

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