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Chapter 1 Homework Calculator Financial Statement Items Though the McDonald's (MCD) menu of hamburgers, cheeseburgers, the Big Mac, Quarter Pounder, the Filet-O-Fish, and Chicken McNuggets 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: 11. Net income 1. 2. Accounts payable Accrued interest payable 12. Net increase in cash Cash 13. Notes payable Cash provided by operations 14. Notes receivable Common Stock 15. Occupancy and rent expense NEL'S TOWN Food and packaging costs used in operations 16. Payroll expense 7. Income tax expense 17. Prepaid expenses not yet used in operations 8. Interest expense 18. Property and equipment 9. Inventories 19. Retained earnings 10. Long-term debt payable 20. Sales Identify the financial statement on which each of the preceding items would appear. If an item appears on more than one statement, select the choice that includes both statements. Use the following notations: IS Income statement SE Statement of stockholders' equity BS Balance sheet cre Chalaman mach flow Chapter 1 Homework Calculator Identify the financial statement on which each of the preceding items would appear. If an item appears on more than one statement, select the choice that includes both statements. Use the following notations: IS Income statement SE BS Statement of stockholders' equity Balance sheet SCF Statement of cash flows 1. Accounts payable 2. Accrued interest payable 3. Cash CNCOWN 4. Cash provided by operations 5. Common stock 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 Chapter 1 Homework Calculator . LAST 4. Cash provided by operations 5. Common stock SCF 6. Food and packaging costs used in operations 7. Income tax expense 8. Interest expense 9. Inventories BS 10. Long-term debt payable BS 11. Net income UNESCOWN 12. Net increase in cash SCH 13. Notes payable BS 14. Notes receivable 15. Occupancy and rent expense 16. Payroll expense SCF 17. Prepaid expenses not yet used in operations BS 18. Property and equipment BS 19. Retained earnings SCF 20. Sales