Starbucks 2019 Annual Fiscal Report can be accessed by searching it on Google and clicking on the first link then clicking on "FY19 Annual Report".

Question 1

According to Starbucks Revenue Recognition footnote, company-operated store revenues are recognized when payment is tendered at the point of sale as the performance obligation has been satisfied.

True

False

Question 2

According to Starbucks Revenue Recognition footnote, sales of coffee, tea, food and related products are generally recognized before shipment to licensees, depending on contract terms.

		True
		False

Question 3

Starbucks Cash and Equivalents include:

	a.	all highly liquid instruments with maturities of three months or more at the time of purchase,
	b.	marketable equity mutual funds.
	c.	credit card receivables for sales to customers in company-operated stores that generally settle within two to five business days.
	d.	equity exchange-traded funds.

Question 4

The net revenues amount stated on Starbucks income statement does not include credit sales.

True

False

Question 5

At the most recent balance sheet date, the amount of cash that Starbucks expected to collect from its customers from sales on account were (in millions):

	a.	$879.2
	b.	$885.9
	c.	$872.5
	d.	$6.7

Question 6

How much did Starbucks customers owe in total from sales on account (in millions)?

	a.	$879.2
	b.	$872.6
	c.	$885.9
	d.	$865.9
	e.	none of the above

Question 7

Starbucks estimate of uncollectible accounts receivable at the most recent balance sheet date was (in millions):

	a.	$186.1
	b.	$872.5
	c.	$885.9
	d.	$6.7

Question 8

When Starbucks writes off an uncollectible accounts receivable its total assets:

	a.	decrease
	b.	increase
	c.	remains unchanged
	d.	none of the above

Question 9

When Starbucks writes off an uncollectible accounts receivable net income:

	a.	increases
	b.	decreases
	c.	stays the same
	d.	none of the above