598 ♦ Chapter 12
Special Income and Investment Reporting Issues ♦ 599
600 ♦ Chapter 12
Special Income and Investment Reporting Issues ♦ 601
602 ♦ Chapter 12
Special Income and Investment Reporting Issues ♦ 603
604 ♦ Chapter 12
Special Income and Investment Reporting Issues ♦ 605
1. Refer to PepsiCo’s Financial Statements. Which of the following did PepsiCo report in 2001,
2000, or 1999:
Discontinued operations
Extraordinary Item
Cumulative effect of change in accounting principle
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2. Refer to PepsiCo’s Financial Statements. Based on the financial statements and notes to PepsiCo,
can you determine if PepsiCo had any asset impairment? Can you determine a dollar amount?
Does anything give the impression that there were assets impaired? How does PepsiCo handle
asset impairment?
3. Refer to PepsiCo’s Financial Statements. Based on the financial statements provided, answer the
following:
(a)
How much was paid to preferred stockholders for dividends?
(b)
How much was paid to common stockholders for dividends?
(a)
$4
(b)
$1,005
4. Refer to PepsiCo’s Financial Statements. Does PepsiCo have any investments in temporary
investments? If so, how much? Besides a dollar amount in the financial statements? Is there any
other place that might provide some insight into this question?
Special Income and Investment Reporting Issues ♦ 607
5. Refer to PepsiCo’s Financial Statements. Does PepsiCo report any Equity Method accounting on
its financial statements? Does this mean that PepsiCo does NOT have any partial ownership of
other companies?