The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies

Question:

The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies’ complete annual reports, including the notes to the financial statements, are available online.

Instructions

Use the companies’ financial information to answer the following questions.

a. 1. What amounts for intangible assets were reported in their respective balance sheets by Coca-Cola and PepsiCo at year-end 2017?

2. What percentage of total assets is each of these reported amounts at year-end 2017?

3. What was the change in the amount of intangibles from 2016 to 2017 for Coca-Cola and PepsiCo?

b. 1. On what basis and over what periods of time did Coca-Cola and PepsiCo amortize their intangible assets?

2. What were the amounts of accumulated amortization reported by Coca-Cola and PepsiCo at the end of 2016 and 2017?

3. What was the composition of the identifiable and unidentifiable intangible assets reported by Coca-Cola and PepsiCo at the end of 2017?

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... 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...

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