ACC 290 Week 5 Learning Team Assignment Financial Reporting Problem, Part 2

May 4th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

ACC 290 Week 5 Learning Team Assignment Financial Reporting Problem, Part 2

Word Count: 1397
Showing Page: 1/12
Financial Reporting Problem, Part IIACC/290University of PhoenixFinancial Reporting Problem, Part IIPepsiCo is a highly known beverage distributor. The cola started in the late 1800s in a drugstore, and its original name was Brads Drink. In 1898, cola introduced Brads Drink to the market. Then, later change the name to Pepsi. It is a large company that has numerous assets and liabilities. Many investors and creditors would be willing to work with this company because they run a good business.Currents assets are very significant to companies like PepsiCo. In the balance sheet, current assets are assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is longer. For most businesses, the cut off for classification as current assets is one year from the balance sheet date (Kimmel, Weygandt, & Kieso, 2011, p. 49). The company can use these assets to support its routine operations. For example, the company can use the assets to pay their current expenses. The common type of current assets consist of cash, marketable securities, inventory, accounts receivable, prepaid expenses and additional liquidassets that the company can quickly convert into cash. However, according to Kimmel, Weygandt, and Kieso, 2011, companies normally arrange their current assets in the order in which they anticipate to convert them into cash. Therefore, the proper order for a company to have its asset

Review from student

Studypool Student
" awesome work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors