Q1. Identify the accounting equation amounts for Pepsi Co Corporation using the information above. Q2. Assets can

Question:

Q1. Identify the accounting equation amounts for Pepsi Co using the information above.
Q2. Assets can either be financed with _______________ or _______________.
Q3. Will the accounting equation hold true for every (_____ / No / can’t tell) Why?
Q4. Pepsi Co is primarily financed with (_________ / stockholders’ equity). How can you tell?
Q5. Circle whether the account is classified as an (A)sset, (L)iability, or part of Stockholders’ Equity (SE) on the Cash (A / L / SE)
b. (A / L / SE)
c. (A / L / SE)
d. Land (A / L / SE)
e. (A / L / SE)
f. Equipment (A / L / SE)
g. Notes payable (A / L / SE)
h. Building (A / L / SE)
i. Retained earnings (A / L / SE)
j. Inventory (A / L / SE)
k. Mortgage payable (A / L / SE)
l. Bonds payable (A / L / SE)
Q6. Use PepsiCo’s on the previous page to answer the following questions:
a. What amount of cash does this company expect to receive from customers within the next few months?
b. The largest asset account is ____________________________ reporting __________ million.
What types of asset costs are included in this account?
c. How much does this company currently owe suppliers? ____________ million
d. Since the company started business, what is the total amount shareholders have paid for their shares of stock? __________ million
e. Since the company started business, how much net income was earned and not yet distributed as dividends? ___________ million
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...