sep8 - sheet. 3. Looking at p. 31, what accounts...

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1 Wednesday, Sept 8, 2010 Homework Problems:
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3 Consider the McDonald’s 2009 Annual Report: http://www.aboutmcdonalds.com/etc/medialib/aboutMcDonalds/investor_relations 0.Par.17264.File.dat/2009%20AR%20Report%20-%20Print.pdf 1. Looking at p. 28, does McDonald’s report Comprehensive Income or Net Income?
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4 McDonald’s reports Net Income. It does not report a Comprehensive Income Statement. 2. What types of things typically generate ―other comprehensive income? Fair Value changes based on time lapse and volatile markets for items on the balance
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Unformatted text preview: sheet. 3. Looking at p. 31, what accounts contributed to changes in other comprehensive income? [Hint: look for the columns that report changes in Accumulated other comprehensive income (loss).] Changes in foreign currency rates (this shows up as Translation adjustments). Contracts that the firm enters to hedge commodity prices (this shows up as Cash Flow Hedges) Changes associated with pension liability estimates. All of these are advanced accounting topics....
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This note was uploaded on 10/12/2010 for the course ACCT 3220 at Colorado.

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sep8 - sheet. 3. Looking at p. 31, what accounts...

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