AB 116 WEEK 10 EXCERCISE 17-11
- strayer university / AB 116
- 30 Oct 2015
- Price: $4
- Other / Other
AB 116 WEEK 10 Exercise 17 11 Suppose a recent income statement for McDonalds Corporation shows cost of goods sold $7,764.3 million and operating expenses (including depreciation expense of $1,922 million) $17,074.4 million. The comparative balance sheet for the year shows that inventory increased $29.0 million, prepaid expenses increased $90.1 million, accounts payable (merchandise suppliers) increased $219.0 million, and accrued expenses payable increased $257.4 million.
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