1) The Coca-Cola Company and PepsiCo, IncInstructionsGo to the book?s companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.a) What type of income format(s) is used by these two companies? Identify any differences in income statement format between these two companies.b) What are the gross profits, operating profits, and net incomes for these two companies over the 3-year period 2009-2011? Which company has had better financial result over this period of time?c) Identify the irregular items reported by these two companies in their income statements over the 3-year period 2009-2011. Do these irregular items appear to be significant?Book?s companion website: www.wiley.com//college/kiesoIntermediate Accounting 15th edition2) Case: Sherwin Williams CompanySherwin Williams Company, based in Cleveland, Ohio, manufactures a wide variety of paint and other coatings, which are marketed through its specialty stores and in other retail outlets. The company also manufactures paint for automobiles. The Automotive Division has had financial difficulty. During a recent year, five branch locations of the Automotive Division were closed, and new management as put in place for the branches remaining.The following titles were shown on Sherwin William?s balance sheet for that year. Accounts payableAccounts receivable, less allowancesAccrued taxesBuildingsCash and cash equivalentsCommon StockEmployee compensation payableFinished goods inventoriesIntangibles and other assetsLandLong-term debtMachinery and equipmentOther accrualsOther capitalOther current assetsOther long-term liabilitiesPostretirement obligations other than pensionsRetained earningsShort-term investmentsTaxes payableWork in process and raw materials inventories Instructionsa) Organize the accounts in the general order in which they would have been presented in a classified balance sheet.b) When several of the branch locations of the Automotive Division were closed, what balance sheet accounts were most likely affected? Did the balance in those accounts decrease or increase?3) Early in January 2015, Hopkins Company is preparing for meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2014.**picture**Except for the following items, Hopkins has recorded all adjustments in its accounts.1. Cash includes $500 petty cashand $15,000 in a bond sinking fund.2. Net accounts receivable is comprised of $52,000 in accounts receivable and $13,500 in allowance for doubtful accounts.3. Equipment had a cost of $112,000 and accumulated depreciation of $28,000.4. On January 8, 2015, one of Hopkins? customers declared bankruptcy. At December 31, 2014, this customer owed Hopkins $9,000.Accounting:Prepare a corrected December 31, 2014, balance sheet for Hopkins Company.Analysis:Hopkins? bank is considering granting an additional loan in the amount of $45,000, which will be due December 31, 2015. How can the information in the balance sheet provide useful information to the bank about Hopkins? ability to repay the loan?Principles:In the accounting meeting with the bank, Hopkins plans to provide additional information about the fair value of its equipment and some internally generated intangible assets related to its customer list. This information indicates that Hopkins has significant unrealized gains on these assets, which are not reflected on the balance sheet. What objections is the bank likely to raise about the usefulness of this information in evaluating Hopkins for the loan renewal?

1) The Coca-Cola Company and PepsiCo, Inc Instructions Go to the book's companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. a) What type of income format(s) is used by these two companies? Identify any differences in income statement format between these two companies. b) What are the gross profits, operating profits, and net incomes for these two companies over the 3-year period 2009-2011? Which company has had better financial result over this period of time? c) Identify the irregular items reported by these two companies in their income statements over the 3-year period 2009-2011. Do these irregular items appear to be significant? Book's companion website: www.wiley.com//college/kieso Intermediate Accounting 15th edition ******************** 2) Case: Sherwin Williams Company Sherwin Williams Company, based in Cleveland, Ohio, manufactures a wide variety of paint and other coatings, which are marketed through its specialty stores and in other retail outlets. The company also manufactures paint for automobiles. The Automotive Division has had financial difficulty. During a recent year, five branch locations of the Automotive Division were closed, and new management as put in place for the branches remaining. The following titles were shown on Sherwin William's balance sheet for that year. Accounts payable Accrued taxes Accounts receivable, less allowances Buildings Cash and cash equivalents Other capital Common Stock Other current assets Employee compensation payable Other long-term liabilities Finished goods inventories Postretirement obligations other than pensions Intangibles and other assets Retained earnings Land Short-term investments Long-term debt Taxes payable Machinery and equipment Work in process and raw materials inventories Other accruals Instructions a) Organize the accounts in the general order in which they would have been presented in a classified balance sheet. b) When several of the branch locations of the Automotive Division were closed, what balance sheet accounts were most likely affected? Did the balance in those accounts decrease or increase? ******************** 3) Early in January 2015, Hopkins Company is preparing for meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2014. Except for the following items, Hopkins has recorded all adjustments in its accounts. 1. Cash includes $500 petty cashand $15,000 in a bond sinking fund. 2. Net accounts receivable is comprised of $52,000 in accounts receivable and $13,500 in allowance for doubtful accounts. 3. Equipment had a cost of $112,000 and accumulated depreciation of $28,000. 4. On January 8, 2015, one of Hopkins' customers declared bankruptcy. At December 31, 2014, this customer owed Hopkins $9,000. Accounting: Prepare a corrected December 31, 2014, balance sheet for Hopkins Company. Analysis: Hopkins' bank is considering granting an additional loan in the amount of $45,000, which will be due December 31, 2015. How can the information in the balance sheet provide useful information to the bank about Hopkins' ability to repay the loan? Principles: In the accounting meeting with the bank, Hopkins plans to provide additional information about the fair value of its equipment and some internally generated intangible assets related to its customer list. This information indicates that Hopkins has significant unrealized gains on these assets, which are not reflected on the balance sheet. What objections is the bank likely to raise about the usefulness of this information in evaluating Hopkins for the loan renewal