The financial statements of PepsiCo, Inc., are presented in Appendix A at the end of this textbook.
Question:
(a) What comments, if any, are made about cash in the report of the independent auditors?
(b) What data about cash and cash equivalents are shown in the consolidated balance sheet?
(c) In its notes to Consolidated Financial Statements, how does PepsiCo define cash equivalents?
(d) In management’s letter that assumes “Responsibility for Financial Reporting,” what does PepsiCo’s management say about internal control? (See page A32 in Appendix A of the back of the book.)
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a In the Independent Auditors Report it states that consolidated financial statements referred to ab...View the full answer
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Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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