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

Question:

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

Required
1. What were the total current liabilities at the end of 2004? What was the largest current liability?
2. What did and accrued expenses consist of at the end of 2004?
3. What was the total loans and notes payable and what did they consist of at the end of 2004? What was the total of the lines of credit (and other short-term credit facilities) that were available to the company at the end of 2004? How much is outstanding? Why do you think the company disclosed the lines-of-credit information?
4. How much was the company contingently liable for in regard to the guarantees of indebtedness owed by third parties at the end of 2004? What does this mean? How likely is it that the company will have to satisfy these guarantees?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...