• April 1st, 2016

Financial statement

Paper, Order, or Assignment Requirements

The financial statements of Tootsie Roll and Hershey are found in Appendices A and B, respectively of the text. (If you do not presently have access to the text, you may do so by obtaining a free trial – go to WileyPLUS assignments.)

(i) Identify two accounts on Tootsie Roll’s balance sheet that show that the company used accrual accounting. In each case, identify the income statement account that would be affected by the process.

(ii) Identify two accounts on Hersheys balance sheet that show that the company used accrual accounting (different from those you picked for Tootsie Roll). . In each case, identify the income statement account that would be affected by the process.

(iii) Which company generally provided higher earnings per share of stock?

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