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Mohrman, Mary Beth; Stuerke, Pamela S. – Accounting Education, 2014
This paper presents an instructional case based on the 2001 annual report of the Campbell Soup Company (CPB). During that year, CPB's shareowners' equity went from a surplus of USD137 million to a deficit of USD247 million. The analysis will allow students to determine that the change resulted from borrowing to purchase treasury stock. Students…
Descriptors: Financial Audits, Money Management, Accounting, Corporations