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

The Accounting Cycle: Accruals and Deferrals

Tootsie Roll Exercises

	TOOTSIE ROLL EXERCISE
EXERCISE 4.11 Examining an Annual Report LO 1, 2			The annual report of Tootsie Roll Industries, Inc. appearsin Appendix A at the end of this textbook. Examine the company's consolidated balance sheet and identify specific accounts that may have required adjusting entries at the end of the year.

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