The 2014 annual report of The Coca-Cola Company shows the following information: (dollars in millions)

REQUIRED:
a. What does the financial statement presentation tell you about the business model of Coca-Cola?
b. Provide the journal entry to record affiliate net income in 2014.
c. How many cash dividends did Coca-Cola receive from bottling companies in 2014?

Transcribed Image Text:

2014 2013 2012 Consolidated Statement of Income $ 602 $ 769 $ 819 Equity income Consolidated Statement of Cash Flows Equity income net of dividends (426) (371) (201)