View the 2015 Annual Reports for the Coca-Cola Company ( http://www.coca-colacompany.com/content/dam/journey/us/en/private/fileassets/pdf/investors/2015-annual-report-on-form-10-k.pdf and PepsiCo, Inc. ( http://www.pepsico.com/docs/album/annual-reports/pepsico-2015-annual-report_final_s57dqszgmy22ggn.pdf?sfvrsn=0 )Using these reports, answer the following questions:

a) What were Coca-Colas and PepsiCos net revenues (sales) for the year 2015? Which company increased its revenues more (dollars and percentage) from 2014 to 2015?

b) Are the revenue recognition policies of Coca-Cola and PepsiCo similar? Explain.