$$COCA$-$COLA $($KO$)12/31/2010$ BALANCE SHEET$($$ in$$ millions$)$

ASSETS

LIABILITIES

Cash and cash equivalents

$$$ $8,517$

Accounts payable

$$$ $1,887$

$$ Short$-$term investments

$2,820$

$$ Short$-$term debt

$8,100$

Accounts$$ receivable, net

$4,430$

Other current liabilities

$8,521$

Inventories

$2,650$

$$ Long$-$term debt

$14,041$

Other current assets

$3,162$

Other$$ non$-$current liabilities

$9,369$

$$ Property, plant, and$$ equipment, net

$14,727$

Goodwill

$11,665$

$$STOCKHOLDERS$\text{'}$ EQUITY

Other intangibles

$15,244$

Contributed capital

$10,937$

$$ Long$-$term investments

$7,585$

Retained earnings

$49,278$

Other$$ non$-$current assets

$2,121$

Other$$ stockholders' equity

$(29,212)$

Total Assets

$$$ $72,921$

Total L$$ & SE

$$$ $72,921$

$$COCA$-$COLA $($KO$)2010$ INCOME STATEMENT$($$ in$$ millions$)$

Sales revenue

$$$ $35,119$

Cost of goods sold

$12,693$

Gross profit

$22,426$

$$Selling$,$ general, and administrative expense

$7,199$

Other operating expenses

$6,788$

Nonoperating$($revenues$)$ and expenses

$(5,794)$

Income before income tax

$14,243$

Provision for income tax

$2,434$

Net income

$$$ $11,809$

$$COCA$-$COLA $($KO$)2010$ STATEMENT OF$$ STOCKHODLERS' EQUITY$($$ in$$ millions$)$

Contributed Capital

Retained Earnings

Other Equity

TOTAL$$ S$/$E

Beginning balance

$$$ $9,417$

$$$ $41,537$

$$$ $(26,155)$

$$$ $24,799$

Issuance of shares

$1,520$

$1,520$

Net income

$11,809$

$11,809$

Dividends

$(4,068)$

$(4,068)$

Other transactions

$(3,057)$

$(3,057)$

Ending balance

$$$ $10,937$

$$$ $49,278$

$$$ $(29,212)$

$$$ $31,003$

$$COCA$-$COLA $($KO$)2010$ STATEMENT OF CASH FLOWS$($$ in$$ millions$)$

Net cash received from operating activities$($NCOA$)$

$$$ $9,532$

Net cash paid from investing activities$($NCIA$)$

$(4,405)$

Net cash paid from financing activities$($NCFA$)$

$(3,465)$

Effect of exchange rate changes

$(166)$

Change in cash

$1,496$

$+$ Cash, beginning of the period

$7,021$

$=$ Cash, end of the period

$$$ $8,517$

Suppose that during the first year of business$$ $$100,000$ of wage costs were$$ incurred; $$90,000$ were paid in cash to$$ employees; and the remaining wages will be paid to employees on January $3$ of the coming$$ year, the next payday. What account title and amount will be reported on the following$$ year$-$end financial$$ statements?

a$.$ Income Statement account$$ title: Wages$($ expense$/$ payable$/$ paid$)$ of$$ $ enter your response here

A$.$

expense

B$.$

payable

C$.$

paid

b$.$ Balance Sheet account$$ title: Wages$($ expense$/$ payable$/$ paid$)$ of$$ $ enter your response here

A$.$

expense

B$.$

payable

C$.$

paid

c$.$ Statement of Cash Flows account$$ title: Wages$($ expense$/$ payable$/$ paid$)$ of$$ $ enter your response here

A$.$

expense

B$.$

payable

C$.$

paid