Questions from College Accounting

Q: Go to http://investor.kelloggs.com/investor-

Go to http://investor.kelloggs.com/investor-relations/annual-reports/ to access the Kellogg’s 2013 Annual Report and find out what the fiscal year is for Kellogg’s Company.

Q: Go to http://investor.kelloggs.com/investor-

Go to http://investor.kelloggs.com/investor-relations/annual-reports to access the Kellogg’s 2013 Annual Report. Go to Notes to Consolidated Financial Statements and find Note 8: Pension Benefits. How...

Q: Go to http://investor.kelloggs.com/investor-

Go to http://investor.kelloggs.com/investor-relations/annual-reports to access the Kellogg’s 2013 Annual Report and see how Kellogg’s records revenue. You will find this information in Note 1.

Q: Go to http://investor.kelloggs.com/investor-

Go to http://investor.kelloggs.com/investor-relations/annual-reports to access the Kellogg’s 2013 Annual Report and find the Consolidated Statement of Income. What is the cost of goods sold in 2013?

Q: Go to http://investor.kelloggs.com/investor-

Go to http://investor.kelloggs.com/investor-relations/annual-reports to access the Kellogg’s 2013 Annual Report. See Note 17 supplemental financial statement data and find the balance in Allowance for...

Q: Several banks have offered loans to Smith Computer Center for its expansion

Several banks have offered loans to Smith Computer Center for its expansion. However, Feldman wants to weigh each option to determine the best financial situation for the company. Currently, Smith Com...

Q: Amy Jak is the National Sales Manager of Land.com.

Amy Jak is the National Sales Manager of Land.com. To get sales up to the projection for the old year, Amy asked the accountant to put the first 2 weeks’ sales in January back into December. Amy told...

Q: Go to the 2013 annual report for Kellogg’s Company at http://

Go to the 2013 annual report for Kellogg’s Company at http://investor.kelloggs.com/ investor-relations/annual-reports and find out how inventories are valued. How much inventory did Kellogg’s have in...

Q: Go to the 2013 annual report for Kellogg’s Company at http://

Go to the 2013 annual report for Kellogg’s Company at http://investor.kelloggs .com/investor-relations/annual-reports and explain why Kellogg’s is not classified as a partnership.

Q: Go to the 2013 annual report for Kellogg’s Company at http://

Go to the 2013 annual report for Kellogg’s Company at http://investor.kelloggs.com/ investor-relations/annual-reports and find the consolidated balance sheet. What is the cost of treasury stock for Ke...