Reference no: EM131309961
"Contingencies" respond to the following:
• Review financial data on Coca-Cola notes to financial statements, located athttps://assets.coca-colacompany.com/9b/d3/b75cdce348fa907295f549d2cc7e/2009_12_Coca-Cola_Item8.pdf
• From the e-Activity, briefly discuss the type of contingencies that Coca Cola is involved in and the accounting treatment of such contingencies. Give your opinion on whether the notes to the financial statements disclose the necessary information on the contingencies for interested parties to make an investing decision. Based on the information disclosed, decide whether you would you invest in Coca Cola. Justify your rationale.
• Suppose management is involved in a situation where the outcome of the situation is contingent upon certain events to occur; however, management is unsure of the generally accepted accounting principles for reporting contingencies. You are the senior accountant, and management has tasked you with preparing a report on contingencies.
Distinguish between a gain contingency and a loss contingency, and highlight the accounting treatment for each type of contingency.
Also, recommend two (2) improvements to the reporting requirements on loss contingencies to FASB. Two paragraphs.
|
What futures prices will you receive margin call
: You enter a short position in one December gold futures contract when the futures price is $1,010 per oz. Each contract is on 100oz. The initial margin per contract is $2,000. The maintenance margin per contract is $1,500. At what futures prices will..
|
|
What is the firms after-tax cost of debt
: ABC Inc. issued nine-year, 9 percent semi-annual coupon bonds at par. Today, the bonds are priced at $990. What is the firm’s after-tax cost of debt if the tax rate is 40%?
|
|
Summarize the basic teachings of christianity and islam
: SUMMARIZE the basic teachings of Christianity, Islam, and Hinduism. IDENTIFY a few differences and similarities among the three religions.
|
|
What distinguishes computer from typical household appliance
: Describe exactly what steps you would take to back up your work after you have typed in the HelloPrinter.java program.
|
|
Distinguish between gain contingency and a loss contingency
: Distinguish between a gain contingency and a loss contingency, and highlight the accounting treatment for each type of contingency.
|
|
Create a linked list structure music that contains the data
: Create a linked list structure Music that contains the data fields Name, Artist, Number_of _Songs, and a pointer to the list. Create the structure with 3 members and fill in data for each member.
|
|
What is the relationship between property rights
: What is the relationship between property rights, corruption, and economic progress? How important are anti corruption efforts in the effort to improve a country's level of economic development?
|
|
Is web server running iis to present main application
: is Web Server running IIS to present main application as web pages? Is a Server Running Microsoft SQL Server with patient data The Servers are connected to the LAN using routers and switches?
|
|
Is it a growth company or a growth stock
: A biotechnology firm is growing at a compount rate of more than 21 percent a year. The stock of this company is priced about 65 times next year earnings. is it a growth company or a growth stock?
|