between the madju balance for the bank statement. Also, discuss types of adjustm

Question

between the madju balance for the bank statement. Also, discuss types of adjustment that are commonly made the bank balance and types of adjustment that are commonly made to the unadjusted balance. b. Discuss the cause of the difference to book rch Assignment Investigating cash and management isues at ATC 4-3 Research As Smucker's Using the most current Form 10-K available on EDGAR, or the company's website, answer the following questions about the J. M. Smucker Company. Instructions for using EDGAR are in Appendix A. Note: In some years the financial statements, footnotes, etc., portion of Smucker's annual report have been located at the end of the Form 10-K, in or just after "Item 15." Required a. Instead of "Cash," the company's balance sheet uses the acocont name "Cash and cash equiva- lents." How does the company define cash equivalents? b. The annual report has two reports in which managergeat clearly acknowledges its responsibility at are the names of these reports for the company's financial reporting and internal controis. Wh and on what pages are they located? ATC 4-4 Sarah Johnson was a trusted employee of Evergreen Trust Bank. She was involved in everything. She worked as a teller, she accounted for the cash at the other teller windows, and she recorded many of the transactions in the accounting records. She was so loyal that she never would take a day off, even when she was really too sick to work. She routinely worked late to see that all the day's work was posted into the accounting records She Writing Assignment Internal control procedures

Explanation / Answer

Ans (a): Company define cash equivalents i.e.

J.M.Smucker company consider all short -term, highly-liquid investments with a maturity of

three months or less when purchased to be cash equivalents.

Ans (b). The annual reports has two reports.

The names of these two reports are the following :-

1."Report of management on internal control over Financial Reporting"

2."Report of independent Resgistered Public Accounting Firm on Internal control over

financial reporting"

which reports are incorporarted herein Annual Reports. Located at item 9A

Note : Item 15 refers to Exhibits and Financial Statement Schedules.

Form 10-K is a Annual Reports.

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