How are cash equivalents defined in the notes

Assignment Help Accounting Basics
Reference no: EM131146428

The financial statements of Tootsie Roll are presented in Appendix A of this book, together with an auditor's report-Report of Independent Auditors.

Instructions

Using the financial statements and reports, answer these questions about Tootsie Roll's internal controls and cash.

(a) What comments, if any, are made about cash in the "Report of Independent Registered Public Accounting Firm"?

(b) What data about cash and cash equivalents are shown in the consolidated balance sheet (statement of financial position)?

(c) What activities are identified in the consolidated statement of cash flows as being responsible for the changes in cash during 2009?

(d) How are cash equivalents defined in the Notes to Consolidated Financial Statements?

(e) Read the section of the report titled "Management's Report on Internal Control Over Financial Reporting." Summarize the statements made in that section of the report. 

Reference no: EM131146428

Questions Cloud

What would a competing retailer have to do in order to get : What is your favorite retail store? Why do you like this retailer’s business? Which of the marketing mix elements of this business do you find most compelling? Explain why. What would a competing retailer have to do in order to get you switch your lo..
The financial statements of the hershey company : Identify two accounts on Hershey's balance sheet that provide evidence that Hershey uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process.
Describe the two product and service offerings : Select two actual advertising campaigns (current or past) - choosing one that you think is effective and one that you think is ineffective. Briefly name and describe the two product/service offerings, then compare the two ad campaigns. What makes one..
Special problems-crises can new entrepreneurial businesses : What special problems and crises can new entrepreneurial businesses expect as they grow? Why do these occur? Respond to at least two of your classmates’ postings and provide recommendations to prevent or to solve the problems and crises they have ide..
How are cash equivalents defined in the notes : What activities are identified in the consolidated statement of cash flows as being responsible for the changes in cash during 2009?
Determine use integer programming versus linear programming : I understand that Integer programming uses whole number, and linear programming does not. However, what are some examples of best situations to use integer programming versus linear programming? Best situations to use linear programming versus intege..
Determine criteria to be utilized to evaluate alternatives : Choose a business or organizational problem that you may be able to solve with managerial economic techniques. Identify and define the problem (and include literature review summary). Determine set of alternative solutions. Determine criteria to be u..
What is the annual cost for storing item x : Whenever item X is ordered, what should be the order size? What is the annual cost for ordering item X? What is the annual cost for storing item X?
The right to monitor all internet surfing at work : Should companies have the right to monitor all Internet “surfing” at work? Should organizations' network be open for one's leisure use? How would you react if a company stipulated that no personal web browsing is allowed, if discovered, could result ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Taxes owed buy payable in the following period

Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, or (d) accrued expense:

  Under what conditions may employees be exempt

Under what conditions may employees be exempt from the withholding of federal income taxes during 2012? How do such employees indicate their no-taxliability status?

  Starling corporation exchanges a yellow bus used in its

starling corporation exchanges a yellow bus used in its business for robin corporations gray bus and some garage

  Value proposition in order to build customer loyalty

Re-create the table attached using the sections (Stock buys, Repair buys, One Time Delivery) as the customer base. Once the table is complete, put together a value proposition for each section and what can be done to change the value proposition i..

  Basics of division return on investment

Wares is a division of a major corp. The following data are for the latest year of operations: division's return on investment

  Refliections inc is a company that manufactures premium car

refliections inc. is a company that manufactures premium car wax. the company uses a standard cost system. from the

  Thumb drives with quantity discounts at aj taylor

In the quantity discount model in Example 12.2, the minimum total annual cost is region 3 is clearly the best. Evidently, the larger unit purchase costs in the other two regions make these two regions unattractive.

  Compute the net present value of the investmentcompute the

bryant company has obtained the following data about a possible planned investment cost 270000 terminal salvage value

  Deposits from customers on equipment ordered

Salaries payable, $3,750,000, due January 14, 2011. Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities.

  Discuss relative costs amp benefits for firms to

discuss relative costs amp benefits for firms to mandatorily disclose information about their operating segments

  In 2040 your investment account along with your retirement

in 2040 your investment account along with your retirement fund has resulted in a tidy sum of 3.75 million dollars so

  When should variances be investigated

When should variances be investigated? Who should be responsible for correcting a negative variance? Why? What are some factors that can lead to variances? How can variances be corrected?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd