Accounting-Policies-for-Reporting-Income

Apr 30th, 2015
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Coca-Cola sponsors and/or contributes to pension plans covering substantially all U.S. employees and certain employees in international locations. Coca-Cola also sponsors nonqualified, unfunded defined benefit plans for certain officers and other employees. PepsiCo sponsors noncontributory defined benefit pension plans covering substantially all full-time U.S. employees and certain international employees. 2007 Funded Status ($millions) Pensions OPEB Coca-Cola ($ 89) ($ 192) PepsiCo ($266) ($1,354)

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Coca-Cola Company versus PepsiCo, Inc.John SimpsonProfessor Susan LightweisIntermediate Accounting IIINovember 17th, 20111. Compare the pension plans of Coca-Cola and PepsiCo, including type of plan and funded status at 2007 year-end.Coca-Cola sponsors and/or contributes to pension plans covering substantially all U.S. employees and certain employees in international locations. Coca-Cola also sponsors nonqualified, unfunded defined benefit plans for certain officers and other employees. PepsiCo sponsors noncontributory defined benefit pension plans covering substantially all full-time U.S. employees and certain international employees. 2007 Funded Status ($millions) Pensions OPEB Coca-Cola ($ 89) ($ 192) PepsiCo ($266) ($1,354)2. Calculate the relevant rates that were used by Coca-Cola and PepsiCo in computing their pension amounts. Relevant rates used to compute pension information:Coca-Cola PepsiCoDiscount rate (expense) 5.5% 5.8%Rate of increase in compensation levels 4.25% 4.7%Expected long-term rate of return on planassets 7.75% 7.8%3. Entity Statement of Comprehensive Income Year Ended December 31, 20X9 [ Net income $63,250 ] Other comprehensi

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