Review the financial statements and related notes of the Coca-Cola Company in Appendix A. Required Answer the

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Review the financial statements and related notes of the Coca-Cola Company in Appendix A.

Required
Answer the following questions. Indicate on what page of the annual report you located the answer.
1. What was the amount of the current assets on December 31, 2004?
2. What was the amount in the allowance for doubtful accounts on December 31, 2004?
3. What is the par value of the company’s common stock? How many shares had been issued at the end of 2004?
4. What was the total amount of inventories on December 31, 2004? What were the principal categories of inventory on this date?
5. What was the long-term debt on December 31, 2004? Of this total, how much was for the 53⁄4%, U.S. dollar notes due 2011?
6. What was the allowance for depreciation on December 31, 2004? What method does the company use to depreciate its property, plant, and equipment?
7. What was the amount of accounts payable and accrued expenses on December 31, 2004? How much was for accrued marketing expenses?
8. What inventory costing method was used for most inventories in 2004?
9. What was the reinvested (retained) earnings on December 31, 2004?
10. What was the total property, plant, and equipment before and after allowance for depreciation on December 31, 2004?
11. What were the total assets on December 31, 2004?
12. What were the current liabilities on December 31, 2004?
13. What were the number of shares and cost of the treasury stock held by the company on December 31, 2004?
14. What was the amount of marketable securities on December 31, 2004? What was the unrealized gain (loss) on available for sale securities on December 31, 2004?
15. How much was the company contingently liable for guarantees of indebtedness owed by third parties on December 31, 2004?

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...
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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