 |  Financial and Managerial Accounting: The Basis for Business Decisions, 12/e Jan R. Williams,
University of Tennessee
Susan F. Haka,
Michigan State University
Mark S. Bettner,
Bucknell University
Robert F. Meigs
Accounting for Decision Making
Tootsie Roll Exercises| | TOOTSIE ROLL EXERCISE | EXERCISE 1.16 Tootsie Roll Industries, Inc. General Information LO 3, 7 | | Locate the Tootsie Roll Industries, Inc. annual report that appears
in Appendix A of the text. Briefly peruse the annual report and then respond
to the following. - Who are the two individuals responsible for the letter to shareholders
that precedes the company's financial statements?
- What are the titles of the three financial statements that the company
presents?
- The financial statements are followed by a series of explanatory notes.
What are some of the subjects covered by those notes?
- Which firm audited the Tootsie Roll financial statements for 1999,
and what was the general conclusion the firm reached?
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2002 McGraw-Hill Higher Education