1. Who are the external auditors for Dr Pepper Snaples Group (DPSG)? What does their Report of Independent Registered Public Accounting firm indicate about the amounts represented in the companys financial statements?

2. What specific title does DPSG use for its income statement? What type of income statement does General Mills issue? (multi-step, singlestep, or condensed) Explain.

3. Did they disclose EPS as discussed in class? Explain. What about the EPS presentation did we not discuss in ACC 310?

4. How does DPSG define Cash Equivalents? Is this consistent with the textbook?

5. What is the amount of cash and cash equivalents reported for the year ended at 12/31/2015 and 12/31/2016? By how much has cash and cash equivalents increased/decreased? Show calculations.

6. Create a table illustrating the amount DPSG for net cash flows from operating, investing, and financing activities in its statement of cash flow for the year ended 12/31/2016 (Note: Include any effect of exchange rates on cash and cash equivalents. ) Show calculations. Compare your answers to question 5.

7. What is DPSGs policy for valuing inventory?

8. How much reserve for excess and obsolete inventory did DPSG have for year ended 12/31/2016? How are reserves for excess and obsolete inventory determined? How did this impact the financial statements?

9. What % of their total inventory is raw materials, spare parts, work in process, and finished goods as of 12/31/2016?

10. What is the balance of their LIFO reserve account?

11. What impact (dollar amount and increase or decrease) did the LIFO Reserve adjustment have on Cost of Goods Sold in 2016?

12. Which depreciation method is used for PP& E? What estimates are made for the useful life of assets?

13. What was total depreciation expense in 2016? Where were these amounts reported in the financial statements?

14. What was the major component of total PP&E? What was its amount and what % was it of the total?

15. What % of total PP&E has been depreciated?

16. Did DPSG capitalize any interest during 2016? If so, what was the amount?

17. In 2016, what was the total amount of interest paid and income tax paid as indicated in the Supplemental Cash Flow Information

18. What amount of total dividends was paid for the year ended 12/31/2016?

19. Did DPSG purchase any property, plant and equipment during the year ended 12/31/2016? If so, what were the dollar amount?

20. When does DPSG review impairment for long-lived assets? What is DPSGs measurement of an impairment loss based on for long-lived assets?

21. Create a table to show the components of Comprehensive Income that was attributable to DPSG for the year ending 12/31/2016?

22. Create a table to show the components and amounts of DPSGs Accumulated Other Comprehensive income(loss) for the year ending 12/31/2016 and 12/31/2015.

23. What is the amount of DPSGs goodwill? Did they have an impairment loss on Goodwill during fiscal year ended 12/31/2016? What are the standards for testing goodwill (How often and how is it tested)?

24. Does DPSG have any other indefinite life intangibles? If so, please list them. Did they have any impairment loss?

25. What three Accounting Standards Updates were adopted in the first quarter of 2016? What is the expected impact of these new standards to the financial statements?

26. When does DPSG recognize revenue? Why do they have deferred revenue (unearned revenue)? Do they handle consistently with the material presented in ACC 310?

27. In regards to fair value, does DPSG use the three-level hierarchy for disclosure? What level are the majority of their assets and liabilities that are measured at fair value on a recurring basis?

28. Did DPSG have any acquisitions fiscal year 2016? If so, what was the acquisition? Did it include any goodwill or other intangible assets?

29. What was DPSGs current ratio and working capital as of 12/31/2016?

30. In a detailed paragraph, indicate a couple of interesting items you learned while reading this annual report.