Use the financial statements from the PepsiCo 2021 annual report (on the following pages).

1. What type(s) of stock is (are) reported on PepsiCos balance sheet at December 25, 2021?

2. How many common shares are PepsiCo authorized to issue in total? How many common shares were issued as of December 25, 2021? How many common shares are outstanding at that date?

3. Make two entries for cash dividends declared and paid by PepsiCo during fiscal 2021. Why might firms pay dividends? Hint: cash dividends paid differ from cash dividends declared.

4. Make a "summary" entry to record treasury stock purchases of common shares by PepsiCo during fiscal 2021. Why might firms purchase treasury stock?

5. Did PepsiCo reissue any treasury stock (for cash) during 2021? If so, record the summary entry to record treasury stock reissued by PepsiCo during fiscal 2001. If not, what would the journal entry look like (e.g., make an example journal entry with no numbers) and where would you find each piece of information?

Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 25, 2021 and December 26, 2020 Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions except per share amounts) Consolidated Statement of Cash Flows (continued) PepsiCo, Inc. and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions) Consolidated Statement of Cash Flows PepsiCo, Inc, and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions) Consolidated Balance Sheet PepsiCo, Inc. and Subsidiaries December 25, 2021 and December 26, 2020 Consolidated Statement of Income PepsiCo, Inc. and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions except per share amounts) Consolidated Statement of Cash Flows (continued) PepsiCo, Inc. and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions) Consolidated Statement of Cash Flows PepsiCo, Inc, and Subsidiaries Fiscal years ended December 25, 2021, December 26, 2020 and December 28, 2019 (in millions)