PepsiCo’s financial statements are presented in Appendix A. Financial statements of The Coca-Cola Company are presented in Appendix B.

Requirements:

(a) Based on the information contained in these financial statements, determine each of the following for each company.

(1) Net cash used for investing (investment) activities for the current year (from the statement of cash flows).

(2) Cash used for capital expenditures during the current year.

(b) Each of PepsiCo’s financial statements is labeled “consolidated.” What has been consolidated? That is, from the contents of PepsiCo’s annual report, classify by name the corporations that have been consolidated (parent and subsidiaries).