Accounting Discussion Questions

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Week 7 eActivity

Go to the 2013 Delta Air Lines Annual Report through the provided link. Find NOTE 10. COMMITMENTS AND CONTINGENCIES. Use the Ctrl-F feature to search for Note 10. Read through this and find a contingency you understand. Be prepared to discuss in this week’s Discussion.

http://ir.delta.com/files/doc_downloads/Annual%20mtg/DAL%2012.31.2013%2010K_v001_p656x9.pdf 

Contingencies” Please respond to the following:

  • From the e-Activity and notes from 2013, briefly discuss the type of contingencies that Coca Cola is involved in. Why is this information in the notes and not recorded in the financial statements? DO NOT COPY FROM THE ANNUAL REPORT. WRITE IN YOUR OWN WORDS. WHAT IS THE CONTINGENCY? WHAT MIGHT HAPPEN? WHY IS IT OKAY TO PUT THIS IS A NOTE? 

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