Part A (200 words)
Identify and discuss the following aspects of Coca Cola’s
consolidated tax expense disclosed in the financial statements:
·
Loss carryforwards and
carrybacks
·
Components of deferred
tax assets and liabilities
·
Deferred tax impacts
of stock sales by equity investees
·
Deferred tax impacts
of sales of interests in investees
·
Valuation allowances
on deferred taxes
Part B (200 words)
Many companies make annual reports available on their corporate
web page, often under an Investors tab. Annual reports also can be accessed
through the SEC’s EDGAR system at the U.S. Securities and Exchange Commission:
·
Visit the S.
Securities and Exchange Commission (Links
to an external site.) website.
·
Highlight the
drop-down menu for “Filings” in the upper right corner and click on “Company
Filing Search”.
·
Enter the name of a
public company. For example, Home Depot.
·
You will then see a
list of SEC filings.
·
Locate the last 10K
filing, which is their annual filing.
·
Click on the red
highlighted 10k document.
Access the most recent annual report for a company of your
choice and respond to the following requirements:
·
The company’s reported
operating segments and whether they are based on product lines, geographic
areas, or some other basis.
·
The importance of each
operating segment for the company as a whole, in terms of revenues, income, and
assets.
·
Whether the company
provides any enterprise-wide disclosures, in addition to disclosures related to
its operating segments.
·
Whether the company
provides disclosures about major customers.