Question

In: Accounting

Fill in the ??? cells using the information presented. Use $(X,XXX) for credits and $X,XXX for...

Fill in the ??? cells using the information presented. Use $(X,XXX) for credits and $X,XXX for debits

MCD (Shares in Millions; $ in Millions)

Total

Common Stock

APIC

Retained Earnings

AOCI

Treasury Stock

Beginning balance (shares)

1660.6

-893.5

Ending Balance at Dec. 31, 2018

?????

$17

$7,376

$ 50,487

$(2,610)

$(61,529)

Comprehensive Income

$ 6,152

?????

$ 127

Common stock cash dividends

?????

$ (3,582)

Treasury stock purchases (shares)

-25

Treasury stock purchases

$(4,981)

$ (4,981)

Share-based compensation

????? ?????

Stock option exercises (shares)

4.2

Stock option exercises

$ 349

$ 168

?????

Ending Balance (shares) at Dec. 31, 2019

1660.6

-914.3

Ending Balance at Dec. 31, 2019

$(8,210)

?????

$7,654

$ 52,931

?????

$(66,329)

Solutions

Expert Solution

MCD (Shares in Millions; $ in Millions) Total Common Stock APIC Retained Earnings AOCI Treasury Stock
Beginning balance (shares)             1,660.6               -893.5
Ending Balance at Dec. 31, 2018 in $       -6,259                     17       7,376                   50,487       -2,610             -61,529
Comprehensive Income in $        6,152                     6,025           127
Common stock cash dividends in $       -3,582                    -3,582
Treasury stock purchases (shares)                 -25.0
Treasury stock purchases in $       -4,981               -4,981
Share-based compensation in $           110         110
Stock option exercises (shares)                    4.2
Stock option exercises in $           349         168                   181
Ending Balance (shares) at Dec. 31, 2019             1,660.6               -914.3
Ending Balance at Dec. 31, 2019 in $       -8,210                     17       7,654                   52,931       -2,483             -66,329
Working
MCD (Shares in Millions; $ in Millions) Total Common Stock APIC Retained Earnings AOCI Treasury Stock
Beginning balance (shares)             1,660.6               -893.5
Ending Balance at Dec. 31, 2018 in $ =17+7376+50487-2610-61529                     17                  7,376                   50,487        -2,610             -61,529
Comprehensive Income in $                                       6,152 =6152-127            127
Common stock cash dividends in $ =-3582                    -3,582
Treasury stock purchases (shares)                 -25.0
Treasury stock purchases in $                                      -4,981               -4,981
Share-based compensation in $ =110 =7654-168-7376
Stock option exercises (shares)                    4.2
Stock option exercises in $                                          349                     168 =349-168
Ending Balance (shares) at Dec. 31, 2019             1,660.6               -914.3
Ending Balance at Dec. 31, 2019 in $                                      -8,210 =17                  7,654                   52,931 =127-2610             -66,329

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