Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Coca Cola is your chosen company for this project You go to web-site or Coca Cola http://www.coca-colacompany.com/investors/annual-other-reports and access its annual reports (Form 10 K)

image text in transcribed

Coca Cola is your chosen company for this project You go to web-site or Coca Cola http://www.coca-colacompany.com/investors/annual-other-reports and access its annual reports (Form 10 K) Tilings. Data for year ending December 31, 2016 should be used for this project. Answer the following questions and give page references from company's annual reports for your answers if any. 1. Who is the independent auditor of your company? Who pays that auditor? 2. How much is the total stockholders' equity for the most recent year reported? 3.Report the change in total assets over the two most recent years reported. 4.Describe one interesting piece of information for extenal user that is included in the management's discussion and analysis. Why do you think it is interesting? 5. Did the gross pront change over the reported years? How much? 6 How much is the total inventory tor the reported years? Do you think the company has enough inventories? Why? 7. State and describe one assumption/ principle used or followed by the company. What action of your company would have violated that assumption/principle? 8 Which method(s) of inventory valuation the company uses? Can your company choose LIFO method for tax purposes without changing accounting method for reporting inventory? 9. What methods of depreciation are used by your company? 10 How much property, plant and equipment was purchased in the most recent year reported? 11 For the most recent year reported: 0) What is the number or shares authorizea? (i) What is the number of shares issued? (ii) What is the number of shares outstanding? 12. On the year-end date of the most recent year reported, if your company had declared and distributed ten percent stock dividends for common stock, how many shares would have been distributed? Coca Cola is your chosen company for this project You go to web-site or Coca Cola http://www.coca-colacompany.com/investors/annual-other-reports and access its annual reports (Form 10 K) Tilings. Data for year ending December 31, 2016 should be used for this project. Answer the following questions and give page references from company's annual reports for your answers if any. 1. Who is the independent auditor of your company? Who pays that auditor? 2. How much is the total stockholders' equity for the most recent year reported? 3.Report the change in total assets over the two most recent years reported. 4.Describe one interesting piece of information for extenal user that is included in the management's discussion and analysis. Why do you think it is interesting? 5. Did the gross pront change over the reported years? How much? 6 How much is the total inventory tor the reported years? Do you think the company has enough inventories? Why? 7. State and describe one assumption/ principle used or followed by the company. What action of your company would have violated that assumption/principle? 8 Which method(s) of inventory valuation the company uses? Can your company choose LIFO method for tax purposes without changing accounting method for reporting inventory? 9. What methods of depreciation are used by your company? 10 How much property, plant and equipment was purchased in the most recent year reported? 11 For the most recent year reported: 0) What is the number or shares authorizea? (i) What is the number of shares issued? (ii) What is the number of shares outstanding? 12. On the year-end date of the most recent year reported, if your company had declared and distributed ten percent stock dividends for common stock, how many shares would have been distributed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions