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Comparative Analysis Case (Ch 22) The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices Cand D, respectively.

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Comparative Analysis Case (Ch 22) The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices Cand D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. Identify the changes in accounting principles reported by Coca-Cola during the 3 years covered by its income statements (2017-2019). Describe the nature of the change and the year of change. b. Identify the changes in accounting principles reported by PepsiCo during the 3 years covered by its income statements (2017-2019). Describe the nature of the change and the year of change. c. What types of estimates did PepsiCo discuss in 2019? Comparative Analysis Case (Ch 22) The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices Cand D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. Identify the changes in accounting principles reported by Coca-Cola during the 3 years covered by its income statements (2017-2019). Describe the nature of the change and the year of change. b. Identify the changes in accounting principles reported by PepsiCo during the 3 years covered by its income statements (2017-2019). Describe the nature of the change and the year of change. c. What types of estimates did PepsiCo discuss in 2019

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