acc 501 Advancced accounting

Students will prepare a three to four-page paper that responds to the questions in the Chapter 7 Research Case about Consolidated Tax Expense on page 363.  Here are the questions:

Access a recent copy of The Coca-Cola Company’s financial statements (www.coca-colacompany.com). Identify and discuss the following aspects of consolidated tax expense disclosed in the financial statements:

??Loss carry-forwards.

??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.

5, Valuation allowances on deferred taxes.Use the most recent financial statements instead of the 2015 financial statements.

The case provides a URL to access Coca Cola’s current financial statements. Students should download access the “Investors” link at the top of the page, and then locate the “SEC Filings” link. Download the company’s complete SEC Form 10K in Adobe format, rather than using excerpts available on the internet or the company’s quarterly SEC Form 10Q, in order that you have access to all of the relevant information that might be presented in the financial statements, the MD & A Management Discussion & Analysis, and the Consolidated Notes to the Financial Statements. Please upload this Form 10K with your paper in the Assignments link.

The case calls for students to discuss the aspects of consolidated tax expense disclosed in the financial statements. Please ensure that your responses to the questions include original exposition and interpretation of your research and are not simply a series of citations that were “cut and pasted” from the Form 10K.

Please ensure that your paper conforms to APA standards and includes at least three citations. Remember to cite all sources used, including your textbook and the Coca Cola website. Please include a cover page, and an introduction paragraph, several analyses paragraphs, a conclusion paragraph, and a references page.