Business, 05.05.2020 04:11 darenl3601
Restaurant Brands International Inc. (RBI) describes itself as follows in its first Restaurant footnote: "We franchise and operate quick service restaurants serving premium coffee and Brands other beverage and food products under the Tim Hortons brand, fast food hamburgers International principally under the Burger King brand, and chicken under the Popeyes brand. We are one of the world's largest quick service restaurant companies as measured by total number of restaurants. As of December 31, 2019, we franchised or owned 4,932 Tim Hortons restaurants, 18,838 Burger King restaurants, and 3,316 Popeyes restaurants, for a total of 27,086 restaurants, and operate in more than 100 countries and U. S. territories. Approximately 100% of current system-wide restaurants are franchised."
Required:
1. Use the following information to provide the adjusting journal entry that RBI should have made on Dec. 31, 2019. Assume that RBI makes adjusting entries once a year on Dec. 31.
a) RBI's property and equipment depreciated $185 million during 2019.
Account Title Debit Credit
Answers: 3
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Restaurant Brands International Inc. (RBI) describes itself as follows in its first Restaurant footn...
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