Disclosure Analysis Paper

Disclosure Analysis Paper - Hershey Company 1 Hershey...

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Hershey Company 1 Hershey Company Financials Disclosure Analysis Paper ACC422/Intermediate Accounting II USED FOR EXAMPLE ONLY Earned 100%
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Hershey Company 2 Hershey Company was founded in 1894 by Milton S. Hershey and later incorporated in 1927 (Hershey’s, 2009). Hershey is the largest chocolate producer in North America and a leader in the global chocolate and sugar confectionery industry. The quarterly and annual financial reports that are submitted to the SEC are a combination of all sales and other transactions from within the United States and globally. Within those financial reports are disclosures of cash and cash equivalents, receivables, and inventories. These disclosures will give more detail into what has caused a material increase or decrease in these assets. The company’s financial reports and disclosures do not give much information on cash and cash equivalents. The reports do say cash and cash equivalents are listed as highly liquid debt instruments, time deposits and money market funds. All have maturing values of three months or less. There was a significant decrease in cash and cash equivalents from 2007 to 2008 of $92.1 million primarily due to a decision to reduce short-term borrowings. Hershey Company’s Accounts Receivable decreased on the balance sheet from 2007 to 2008 by $32.1 million. Several factors contributed to this including the timing of sales and collections of cash. The company does not extend dated receivables associated with sales of seasonal items or
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This note was uploaded on 11/25/2009 for the course ACCT ACC 422 taught by Professor Unknown during the Fall '09 term at University of Phoenix.

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Disclosure Analysis Paper - Hershey Company 1 Hershey...

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