Accounting Research Problem Refer to the consolidated balance sheets in the fiscal year 2017 annual report...

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Accounting Research Problem Refer to the consolidated balance sheets in the fiscal year 2017 annual report of General Mills, Inc. available on this book's website. Required a. What was the amount of cash and cash equivalents as of May 28, 2017? b. By what amount did cash and cash equivalents increase or decrease during the year? c. What statement elsewhere in the annual report contains an explanation of the increase or decrease in the cash and cash equivalents amount? In that statement, what amount of cash was provided or used by (1) operating activities, (2) investment activities, and (3) financing activities? d. What members of the company signed off as to the assessment of the company's internal con- trol (see Reports of management and Independent Registered Public Accounting Firm)? What firm conducted the audit of General Mills? e. f. g. What opinion did the accounting firm express about General Mills' financial statements? In addition to their audit of the financial statements, what else did the auditing firm audit? Accounting Research Problem Refer to the consolidated balance sheets in the fiscal year 2017 annual report of General Mills, Inc. available on this book's website. Required a. What was the amount of cash and cash equivalents as of May 28, 2017? b. By what amount did cash and cash equivalents increase or decrease during the year? c. What statement elsewhere in the annual report contains an explanation of the increase or decrease in the cash and cash equivalents amount? In that statement, what amount of cash was provided or used by (1) operating activities, (2) investment activities, and (3) financing activities? d. What members of the company signed off as to the assessment of the company's internal con- trol (see Reports of management and Independent Registered Public Accounting Firm)? What firm conducted the audit of General Mills? e. f. g. What opinion did the accounting firm express about General Mills' financial statements? In addition to their audit of the financial statements, what else did the auditing firm audit?

Answer rating: 100% (QA)

a The amount of cash and cash equivalents as of May 28 2017 was 847 million b Cash and cash equ... View the full answer