CASE $3-2$

Analyzing and Interpreting Liabilities

Refer to the annual report of Campbell Soup Company in Appendix A$.$

Campbell Soup

Required:

a$.$ Identify Campbell Soup's major categories of liabilities. Identify which of these liabilities require recognition of interest expense.

b$.$ Reconcile activity in the long$-$term borrowing account for Year $11.$

c$.$ Describe the composition of Campbell Soup's long$-$term liabilities account using its note $19.$

CASE $3-3$

Analyzing and Interpreting Equity

$\frac{?}{\text{b}\text{a}\text{r}}($ Page $220)$

Refer to the annual report of Campbell Soup Company in Appendix A$.$

Campbell Soup

Required:

a$.$ Determine the book value per share of Campbell Soup's common stock for Year $11.$

b$.$ Identify the par value of Campbell Soup's common shares. Determine the number of common shares authorized, issued, and outstanding at the end of Year $11.$

c$.$ Determine how many common shares Campbell Soup repurchased as treasury stock for Year $11.$ Determine the price at which Campbell Soup repurchased the shares.

CHECK

$($c$)$ Year $11$ repurchase price, $$51\mathrm{.}72$