Though the McDonalds menu of hamburgers, cheeseburgers, the Big Mac, Quarter Pounder, Filet-O-Fish, and Chicken McNuggets is

Though the McDonald’s menu of hamburgers, cheeseburgers, the Big Macâ, Quarter Pounderâ, Filet-O-Fishâ, and Chicken McNuggetsâ 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 operations
7. Income tax expense
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
17. Prepaid expenses not yet used in operations
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