The Coca-Cola Company is the world's largest producer of soft-drink concentrates, syrups. and juices. Its soft-drink brands

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The Coca-Cola Company is the world's largest producer of soft-drink concentrates, syrups. and juices. Its soft-drink brands include Coke. Diet Coke. Cherry Coke. Sprite, and Nestea. 1. Go to http://www.cocacola.com and click on Investor Relations followed by the most recent annual report. Click on operations review and use the pull-down menu to select Worldwide Case Volume. What percent of Coca-Cola's worldwide case volume is from out- side of North America? 2. Click on financials and then use the pull-down menu to select the Consolidated Financial Statements or the Notes to Consolidated Financial Statements to answer the following ques- tions:

a. Refer to the "Consolidated Balance Sheets." How many accounts report amounts for marketable securities? Why? For the most recent year, what amount is reported for current marketable securities? Refer to Note 8: Financial Instruments. Of the amount reported for current marketable securities, how much is held in trading securities? Available-for-sale securities? Held-to-maturity securities?

b. The equity method is used to account for how many different investments of The Coca-Cola Company? Refer to Note 2: Bottling Investments. The Coca-Cola Company owns approximately what percent of the outstanding common shares of Coca-Cola Enterprises Inc.? What type of business is Coca-Cola Enterprises Inc.?

c. In 1999, did Coca-Cola report equity-method income or an equity-method loss? How much? What does the equity-method income or loss represent? 3. Refer to Note 1: Organization and Summary of Significant Accounting Policies. The Coca- Cola Company operates in how many countries worldwide? What companies are included in the consolidated financial statements? Which companies are accounted for using the equity method?

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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