1. Did Kellogg's report any accounting changes in its 2017 financial statements? If so, describe the reason for the change in prin- ciple and how Kellogg's accounted for the change? 2. What was the financial statement impact of the change on net income, assets, liabilities, and equity? 3. What types of estimates did Kellogg's discuss in its financial statements?
1. Did Kellogg's report any accounting changes in its 2017 financial statements? If so, describe the reason for the change in prin- ciple and how Kellogg's accounted for the change? 2. What was the financial statement impact of the change on net income, assets, liabilities, and equity? 3. What types of estimates did Kellogg's discuss in its financial statements?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 65.3C
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