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Question: What are the major sections in a classified balance sheet? Using the PepsiCo, Inc. annual report…
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Question: What are the major sections in a <a rel=classified balance sheet? Using the PepsiCo, Inc. annual report…” />

Show transcribed image text What are the major sections in a classified balance sheet? Using the PepsiCo, Inc. annual report, determine its current liabilities on December 31, 2005, and December 30, 2006. Were current liabilities higher or lower than current assets in these two years? What is the difference between the report form and the account form of the classified balance sheet?

What are the major sections in a classified balance sheet? Using the PepsiCo, Inc. annual report, determine its current liabilities on December 31, 2005, and December 30, 2006. Were current liabilities higher or lower than current assets in these two years? What is the difference between the report form and the account form of the classified balance sheet?

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