Solution-What were the components of total current

What were the components of total current liabilities

Reference no: EM131129340

The financial statements of PepsiCo, Inc. and the Notes to Consolidated Financial Statements appear in Appendix A.

Instructions

Refer to PepsiCo's financial statements and answer the following questions about current and contingent liabilities and payroll costs.

(a) What were PepsiCo's total current liabilities at December 29, 2007? What was the increase/decrease in PepsiCo's total current liabilities from the prior year?

(b) In PepsiCo's Note 2 ("Our Significant Accounting Policies"), the company explains the nature of its contingencies. Under what conditions does PepsiCo recognize (record and report) liabilities for contingencies?

Reference no: EM131129340

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What were the components of total current liabilities

Reference no: EM131129340

Reference no: EM131129340

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