What information can be calculated from McDonald’s 2016 trial balance?

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Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution- NonCommercial 3.0 Unported License. What is the balance.

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Presentation transcript:

What information can be calculated from McDonald’s 2016 trial balance? Original blog posting (September 11, 2017)

McDonald’s Trial Balance

Discussion Questions (calculate each of the following totals using McDonald’s trial balance) Current assets Total assets Current liabilities Total liabilities Net income Ending retained earnings Total stockholders’ equity Write McDonald’s accounting equation as of December 31, 2016.

For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/ Questions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu