Question
Answer the following question using the McDonald's Consolidated Balance Sheet below: Question: The parentheses around the treasury stock dollars indicate that treasury stock is: -------------------------------------------------------------------------------------------------------------------------------------------------------------
Answer the following question using the McDonald's Consolidated Balance Sheet below:
Question:The parentheses around the treasury stock dollars indicate that treasury stock is:
-------------------------------------------------------------------------------------------------------------------------------------------------------------
Consolidated Balance Sheet
In Millions, except per sharedata
12/31/16
12/31/15
ASSETS
Current assets
Cash and equivalents
$ 1,223.4
$ 7,685.5
Accounts and notes receivable
1,474.1
1,298.7
Inventories, at cost, not in excess of market
58.9
100.1
Prepaid expenses and other current assets
565.2
558.7
Assets of businesses held for sale
1,527.0
Total current assets
Other assets4,848.6
9,643.0
Investments in and advances to affiliates
725.9
792.7
Goodwill
2,336.5
2,516.3
Miscellaneous
1,855.3
1,869.1
Total other assets
Property and equipment
4,917.7
5,178.1
Property and equipment, at cost
34,443.4
37,692.4
Accumulated depreciation and amortization
(13,185.8)
(14,574.8)
Net property and equipment
21,257.6
23,117.6
Total assets
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
$ 31,023.9
$ 37,938.7
Accounts payable
$756.0
$874.7
Income taxes
267.2
154.8
Other taxes
266.3
309.0
Accrued interest
247.5
233.1
Accrued payroll and other liabilities
1,159.3
1,378.8
Current maturities of long-term debt
77.2
Liabilities of businesses held for sale
694.8
Total current liabilities
3,468.3
2,950.4
Long-term debt
25,878.5
24,122.1
Other long-term liabilities
2,064.3
2,074.0
Deferred income taxes
Shareholders' equity (deficit)
1,817.1
1,704.3
Preferred stock, no par value; authorized - 165.0 million shares; issued - none
Common stock, $.01 par value; authorized - 3.5 billion shares; issued - 1,660.6 million shares
16.6
16.6
Additional paid-in capital
6,757.9
6,533.4
Retained earnings
46,222.7
44,594.5
Accumulated other comprehensive income
(3,092.9)
(2,879.8)
Common stock in treasury, at cost; 841.3 and 753.8 million shares
(52,108.6)
(41,176.8)
Total shareholders' equity (deficit)
(2,204.3)
7,087.9
Total liabilities and shareholders' equity (deficit)
$ 31,023.9
$ 37,938.7
---------------------------------------------------------------------------------------------------------------------------------------------------------
a contra asset
issued at a discount
contra equity
sold at a loss
1 points
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