Disclosures Obtain Kelloggs 2017 annual report either using the Investor Relations portion of its website (do a
Question:
Disclosures Obtain Kellogg’s 2017 annual report either using the “Investor Relations” portion of its website (do a web search for Kellogg’s investor relations) or go to http://www.sec.gov and click “Search for company filings” under “Filings and Forms (EDGAR).”
Required:
1. Did Kellogg’s report any accounting changes in its 2017 financial statements? If so, describe the reason for the change in principle and how Kellogg’s accounted for the change?
2. What was the financial statement impact of the change on net income, assets, liabilities, and equity?
3. What types of estimates did Kellogg’s discuss in its financial statements?
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1 Kelloggs reported a change in accounting estimate in its 2017 financial statements related to pens...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1337788281
3rd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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