The financial statements of PepsiCo, Inc. are presented in Appendix A at the end of this textbook.

Instructions

  (a) What comments, if any, are made about cash in the report of the independent registered public accounting firm?
  (b) What data about cash and cash equivalents are shown in the consolidated balance sheet?
  (c) In its notes to Consolidated Financial Statements, how does PepsiCo define cash equivalents?
  (d) In the section “Management’s Report on Internal Control Over Financial Reporting,” what does PepsiCo’s management say about internal control? (See page A-35 in Appendix A of the back of the book.)