Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Identify at least three different items that are being reported as stockholders equity items. Discuss what you have learned about these 3 items and how
Identify at least three different items that are being reported as stockholders’ equity items.
Discuss what you have learned about these 3 items and how are they presented on the balance sheet.
Coca-Cola 2021-2022
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jul. 01, 2022 | Dec. 31, 2021 |
---|---|---|
CURRENT ASSETS | ||
Cash and cash equivalents | $ 8,976 | $ 9,684 |
Short-term investments | 776 | 1,242 |
Total Cash, Cash Equivalents, and Short-Term Investments | 9,752 | 10,926 |
Marketable securities | 1,867 | 1,699 |
Trade accounts receivable, less allowances of $510 and $516, respectively | 4,494 | 3,512 |
Inventories | 3,621 | 3,414 |
Prepaid expenses and other current assets | 3,407 | 2,994 |
Total Current Assets | 23,141 | 22,545 |
Equity method investments | 17,720 | 17,598 |
Other investments | 655 | 818 |
Other noncurrent assets | 6,470 | 6,731 |
Deferred income tax assets | 1,833 | 2,129 |
Property, plant and equipment, less accumulated depreciation of $9,099 and $8,942, respectively | 9,462 | 9,920 |
Trademarks with indefinite lives | 14,271 | 14,465 |
Goodwill | 18,910 | 19,363 |
Other intangible assets | 707 | 785 |
Total Assets | 93,169 | 94,354 |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 14,213 | 14,619 |
Loans and notes payable | 4,358 | 3,307 |
Current maturities of long-term debt | 788 | 1,338 |
Accrued income taxes | 1,172 | 686 |
Total Current Liabilities | 20,531 | 19,950 |
Long-term debt | 36,755 | 38,116 |
Other noncurrent liabilities | 8,046 | 8,607 |
Deferred income tax liabilities | 3,034 | 2,821 |
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY | ||
Common stock, $0.25 par value; authorized — 11,200 shares; issued — 7,040 shares | 1,760 | 1,760 |
Capital surplus | 18,581 | 18,116 |
Reinvested earnings | 69,970 | 69,094 |
Accumulated other comprehensive income (loss) | (14,801) | (14,330) |
Treasury stock, at cost — 2,714 and 2,715 shares, respectively | (52,505) | (51,641) |
Equity Attributable to Shareowners of The Coca-Cola Company | 23,005 | 22,999 |
Equity attributable to noncontrolling interests | 1,798 | 1,861 |
Total Equity | 24,803 | 24,860 |
Total Liabilities and Equity | $ 93,169 | $ 94,354 |
Step by Step Solution
★★★★★
3.41 Rating (129 Votes )
There are 3 Steps involved in it
Step: 1
1Common stock reflects the corporate ownership as of the shareholders prese...Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started