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The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively....

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Accounting

The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies'
complete annual reports, including the notes to the financial statements, are available online.
Click here to view Appendix C
Click here to view Appendix D
Use the companies' financial information to answer the following questions.
a. Identify the changes in accounting principles reported by Coca-Cola during the 3 years covered by its income
statements (2018-2020). Describe the nature of the change and the year of change.
b. Identify the changes in accounting principles reported by PepsiCo during the 3 years covered by its income statements
(2018-2020). Describe the nature of the change and the year of change.
c. What types of estimates did PepsiCo discuss in 2020?
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