Campbell Soup Company.
I’m stuck on a Accounting question and need an explanation.
/0x4*
In this Assignment, you will be assessed based on the following outcome:
MT482-2: Asses the principle characteristics of liabilities (debt), equity and assets.
This Assignment will require you to dig deep into the structure and composition of Campbell Soup’s liabilities (debt) and equity. This will help you better understand the sources of funding in any business.
Locate the Campbell Soup Cases 3-2 and 3-3 on pages 219 and 220 of your text. Be sure to submit thoughtful and substantial answers to the questions following each case
CASE 3–2
Analyzing and Interpreting Liabilities
Refer to the annual report of Campbell Soup Company in Appendix A.
Campbell Soup
Required:
a. Identify Campbell Soup’s major categories of liabilities. Identify which of these liabilities require recognition of interest expense.
b. Reconcile activity in the long-term borrowing account for Year 11.
c. Describe the composition of Campbell Soup’s long-term liabilities account using its note 19.
Page 220CASE 3–3
Analyzing and Interpreting Equity
Refer to the annual report of Campbell Soup Company in Appendix A.
Campbell Soup
Required:
a. Determine the book value per share of Campbell Soup’s common stock for Year 11.
b. Identify the par value of Campbell Soup’s common shares. Determine the number of common shares authorized, issued, and outstanding at the end of Year 11.
c. Determine how many common shares Campbell Soup repurchased as treasury stock for Year 11. Determine the price at which Campbell Soup repurchased the shares.
CHECK
(c) Year 11 repurchase price, $51.72
add reference
