Refer to the financial statements and related notes of the Coca-Cola Company in Appendix A of this book.

1. What was the total amount of intangible assets that the company reported at the end of 2004, and what was the amount of each component?
2. Do you think that the company has additional “intangibles” that are not recorded on the balance sheet? Why? How would this issue affect your understanding of the company’s financial performance?
3. Re-create summary journal entries to record the transactions and events that affected the “amortized intangible assets” in 2004, assuming there were no sales.
4. Compute the estimated average life of the “amortized intangible assets.”
5. Why does the company amortize some of its intangible assets but not others?

  • CreatedMarch 12, 2012
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