1. Identify items in reported in Chipotle's Consolidated Statement... 1. Identify items in reported in Chipotle's Consolidated...
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1. Identify items in reported in Chipotle's Consolidated Statement...
1. Identify items in reported in Chipotle's Consolidated Statement of Income (Exhibit 6.17) and Consolidated Statement of Cash Flows (6.19) that are potentially nonrecurring. Using Notes 5 and 6, describe the nature of those items. 2. Why are the amounts different in the two statements, and why does that difference matter? 3. Are the amounts material? Recurring? 4. Examine Chipotle's Consolidated Statement of Comprehensive Income (Exhibit 6.18). What do the amounts that reconcile net income and comprehensive income represent? Are these events relevant for performance evaluation of Chipotle's executives? For risk assessment? For equity valuation?
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date: