Answer the following questions based on your examination of the Coca Cola Company 2016 10-K...
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Accounting
Answer the following questions based on your examination of the Coca Cola Company 2016 10-K (Link for 10k report -> http://www.annualreports.com/HostedData/AnnualReportArchive/c/NYSE_KO_2016.pdf)
1. What assets and liabilities does Coca-Cola adjust to fair value?
All financial instruments
All financial assets
Investments in equity and debt securities classified as trading or available-for-sale and derivative financial instruments
Derivative financial instruments
2. What is the dollar value of 12/31/16 asset fair value measurements using the Level 1 fair value hierarchy? Level 2? Level 3?
$4,098MM, 5,948MM, and 121MM, respectively
$1,861MM, 5,612MM, and 143MM, respectively
$384MM, 6,413MM, and 513MM, respectively
$4,051MM, 3,856MM, and 16,260MM, respectively
3. List the three types of risks Coca-Cola states it tries to mitigate through the use of derivatives?
foreign currency exchange rate risk
commodity price risk
interest rate risk
All the above
4. What is the total asset dollar amount of derivative instruments designated as hedging instruments that Coca-Cola included in its 12/31/16 balance sheet?
$178MM
$317MM
$109MM
$565MM
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