Answer
Coca-Cola acknowledges the FASB's update regarding discontinued operations-related disclosures. This update requires disclosing elaborate information about discontinued operations, such as assets and expenses.
Coca-Cola acknowledges the FASB update on "Revenue from Contracts with Customers." This update underscores the essence of disclosing in-depth details regarding cash flows associated with customer contracts. Examples of such details include the uncertainties of the cash flows.
Pepsi is confirmed to have adopted FASB guidance dealing with costs of debt issuance. Under the guidance, the costs of issuance are deducted from the debt liability's carrying amount.
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