(a) (1) What specific items does Coca-Cola discuss in its Note 1Accounting Policies? (Prepare a list of the headings only.)(2) What specific items does PepsiCo discuss in its Note 2Our Summary of Significant Accounting Policies? (Prepare a list of the headings only.)

b) For what lines of business or segments do Coca-Cola and PepsiCo present segmented information?

(c)Note and comment on the similarities and differences between the auditors reports submitted by the independent auditors of Coca-Cola and PepsiCo for the year 2014.