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The Coca-Cola Company and PepsiCo, Inc. Instructions Go to the books companion website and use information found there to answer

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The Coca-Cola Company and PepsiCo, Inc.
Instructions
Go to the book’s companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc.
(a) What type of income format(s) is used by these two companies? Identify any differences in income statement format between these two companies.
(b) What are the gross profits, operating profits, and net incomes for these two companies over the 3-year period 2007–2009? Which company has had better financial results over this period of time?
(c) Identify the irregular items reported by these two companies in their income statements over the 3-year period 2007–2009. Do these irregular items appear to be significant?

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a Both companies are using the multiple step format in presenting income statement information Companies use the multiple step income statement to recognize additional relationships related to revenue…View the full answer


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Related Book For  answer-question
Intermediate Accounting

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Details
Chapter # 4
Section: USING YOUR JUDGMENT
Problem: 2
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Question Posted: October 11, 2011 09:20:30
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