Refer to the financial statements of PepsiCo, Inc. and the Notes to Consolidated Financial Statements in Appendix

Question:

Refer to the financial statements of PepsiCo, Inc. and the Notes to Consolidated Financial Statements in Appendix A.

Instructions

(a) What was PepsiCo’s total long-term debt at December 29, 2007? What was the increase/decrease in total long-term debt from the prior year? What does Note 9 to the financial statements indicate about the composition of PepsiCo’s long-term debt obligation?

(b) What type of leases, operating or capital, does PepsiCo report? (See Note 9.) Are these leases reported on PepsiCo’s financial statements?

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...