 |  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: Capturing Economics Events
Tootsie Roll Exercises| | TOOTSIE ROLL EXERCISE | EXERCISE 3.13 Annual Report; Appendix A LO 1, 2, 3, 7, 10 | | Throughout the text we have many assignments based on the annual report
of Tootsie Roll Industries, Inc. in Appendix A. Refer to this annual
report to respond to the following items: - Does the company's fiscal year end on December 31? How can you tell?
- State the company's balance sheet in terms of A = L+ E.
- Did the company post more debits to the Cash account during the year
than credits? How can you tell?
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2002 McGraw-Hill Higher Education