Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E3.14 Below is a recent balance sheet for Chipotle (CMG). For each item listed, determine the classifi- cation that would be used in reformulation from

image text in transcribed

image text in transcribed

E3.14 Below is a recent balance sheet for Chipotle (CMG). For each item listed, determine the classifi- cation that would be used in reformulation from the following list: O- Operating activities F- Financial activities S Split between operating and financial activities Desire more detailed information but will initially classify as related to operating activities CSE-Common shareholders' equity CHIPOTLE MEXICAN GRILL INC. CONSOLIDATED BALANCE SHEET (in thousands, except per-share data) Year Ended December 31, 2018 2017 $ 249,953 62,312 21.555 54,129 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory... Prepaid expenses and other current assets Income tax receivable Investments Total current assets Leasehold improvements, property and equipment, net Restricted cash Other assets Goodwill. Total assets 426,845 814,794 1.379,254 30,199 19,332 21.939 $2,265,518 $ 184,569 40,453 19.860 50,918 9.353 324,382 629,535 1,338,366 29,601 26,251 21,939 $2,045,692 $ $ 113,071 113,467 145,849 70,474 5,129 449,990 82,028 82,541 95,679 63,645 323,893 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued payroll and benefits. Accrued liabilities Uneamed revenue Income tax payable Total current liabilities Commitments and contingencies (Note 13) Deferred rent Deferred income tax liability Other liabilities Total liabilities Shareholders' equity: Preferred stock. S0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2018 and 2017, respectively Common stock $0.01 par value, 230,000 shares authorized, and 35,973 and 35,852 shares issued as of December 31, 2018 and 2017, respectively. Additional paid-in capital Treasury stock, at cost. 8,276 and 7,826 common shares at December 31, 2018 and 2017, respectively... Accumulated other comprehensive income (loss) Retained earnings.. Total shareholders' equity Total liabilities and shareholders' equity 330.985 11.566 31,638 824,179 316,498 814 40,042 681,247 360 1,374,154 359 1,305,090 (2,500,556) (6,236) 2,573,617 1,441,339 $2,265,518 12,334,409) (3,659) 2,397,064 1,364,445 $2,045,692

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CPA Excel Auditing And Attestation

Authors: Robert A. Prentice

1st Edition

0977165876, 978-0977165872

More Books

Students also viewed these Accounting questions

Question

Why did his psychologist, Dr. Willard, recommend a psychiatrist?

Answered: 1 week ago