Question
1. What are the 2015 amounts Starbucks Corp. reports for total assets, total liabilities, and total stockholders equity in the balance sheet. Does the basic
1. What are the 2015 amounts Starbucks Corp. reports for total assets, total liabilities, and total stockholders equity in the balance sheet. Does the basic accounting equation balance? (Hint: Locate Item 8: Financial Statements and Supplementary Data)
2. Starbucks refers to its income statement using another name. What is it?
3. Who were Starbucks Corp.s external auditors? (Hint: you may find the auditor information as well as the auditors opinion from REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM in the annual report.)
4. What does the Report of Independent Registered Public Accounting firm indicate about the amounts represented in the companys financial statements?
5. What does the Report of Independent Registered Public Accounting firm indicate about Starbucks Corp.s internal controls?
6. What is the amount of cash reported in the most two most recent years? By how much has cash increased/decreased?
*Here is the link to the annual report*
http://www.sec.gov/Archives/edgar/data/829224/000082922415000038/sbux-9272015x10k.htm
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