Horngren's Accounting, The Financial Chapters (11th Edition) - Standalone Book
11th Edition
ISBN: 9780133866889
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 15, Problem 15.1FSC
Financial Statement Case 15−1
Details about a company’s investments appear in a number of places in the annual report. Use Starbucks Corporation’s Fiscal 2013 annual report to answer the following questions. Visit http://www.pearsonhighered.com/Horngren to view a link to Starbucks Corporation’s Fiscal 2013 annual report.
Requirements
- What classifications of debt and/or equity security investments does Starbucks hold?
- Review Notes 4 and 6. Give the breakdown of the short-term and long-term investments Starbucks held at September 29, 2013.
- Review Starbucks’s consolidated statement of cash flows for the year ended September 29, 2013. Identify each item related to the company’s debt and equity security investments, the amount of the item, and the section of the cash flow statement in which the item appears.
- Review Note 1, specifically Short-term and Long-term Investments. How are Starbucks’s available-for-sale investments reported? How are Starbucks’s trading investments reported?
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Analyze your company’s liability section of the comparative balance sheets. Has the composition of current and long-term liabilities changed significantly over the period?
Explain?
Liabilities and Equity sections of Walmart's Balance Sheet
As of January 31,
(Amounts in millions)
2019
2018
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings
$ 5,225
$ 5,257
Accounts payable
47,060
46,092
Accrued liabilities
22,159
22,122
Accrued income taxes
428
645
Long-term debt due within one year
1,876
3,738
Capital lease and financing obligations due within one year
729
667
Total current liabilities
77,477
78,521
Long-term debt
43,520
30,045
Long-term capital lease and financing obligations
6,683
6,780
Deferred income taxes and other
11,981
8,354
Total liabilities
139,661
123,700
Accounting for equity investments
Money Man Investments completed the following transactions during 2018:
Requirements
Journalize Money Man’s transactions. Explanations are not required.
Classify and prepare partial financial statements for Money Man’s 25% Technomite investment for the year ended December 31, 2018.
conduct horizontal and vertical analyses for the balance sheet and income statement accounts and report any significant observations for a two-year period.
Debt Financing
Use basic financial analysis to examine any horizontal changes in Starbucks’ short- and long-term debt over time.
Use basic financial analysis to examine any vertical changes in Starbucks’ short- and long-term debt over time.
Analyze Starbucks’ method of debt financing. In your analysis, you should address both current and long-term liabilities, including the issuance of bonds.
Chapter 15 Solutions
Horngren's Accounting, The Financial Chapters (11th Edition) - Standalone Book
Ch. 15 - Prob. 1QCCh. 15 - Which of the following investments is most likely...Ch. 15 - Prob. 3QCCh. 15 - A company invested $45,000 in Yale Co. stock. The...Ch. 15 - Prob. 5QCCh. 15 - Prob. 6QCCh. 15 - Prob. 7QCCh. 15 - Prob. 8QCCh. 15 - Prob. 9QCCh. 15 - Prob. 10QC
Ch. 15 - Prob. 1RQCh. 15 - Prob. 2RQCh. 15 - Prob. 3RQCh. 15 - Prob. 4RQCh. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Prob. 8RQCh. 15 - Prob. 9RQCh. 15 - Prob. 10RQCh. 15 - Prob. 11RQCh. 15 - Prob. 12RQCh. 15 - Prob. 13RQCh. 15 - Prob. 14RQCh. 15 - Prob. S15.1SECh. 15 - Prob. S15.2SECh. 15 - Prob. S15.3SECh. 15 - Prob. S15.4SECh. 15 - Prob. S15.5SECh. 15 - Prob. S15.6SECh. 15 - Prob. S15.7SECh. 15 - Prob. E15.8ECh. 15 - Prob. E15.9ECh. 15 - Prob. E15.10ECh. 15 - Prob. E15.11ECh. 15 - Prob. E15.12ECh. 15 - Prob. E15.13ECh. 15 - Prob. E15.14ECh. 15 - Prob. E15.15ECh. 15 - Prob. E15.16ECh. 15 - Prob. E15.17ECh. 15 - Prob. P15.18APGACh. 15 - Prob. P15.19APGACh. 15 - Prob. P15.20APGACh. 15 - Prob. P15.21BPGBCh. 15 - Prob. P15.22BPGBCh. 15 - Prob. 23CPCh. 15 - Prob. 15.1DCCh. 15 - Prob. 15.1EICh. 15 - Prob. 15.1FCCh. 15 - Financial Statement Case 151 Details about a...
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