Coca Cola’s consolidated tax expense

Prior to beginning work on this discussion forum, read Chapters 7 and 8 and access the most current Coca-Cola Company’s Securities and Exchange Commission (SEC) 10K filing on the All SEC Filings (Links to an external site.) webpage.

Identify and discuss the following aspects of Coca Cola’s consolidated tax expense disclosed in the financial statements:

Loss carryforwards and carrybacks
Components of deferred tax assets and liabilities
Deferred tax impacts of stock sales by equity investees
Deferred tax impacts of sales of interests in investees
Valuation allowances on deferred taxes

Sample Solution