Tootsie Roll Industries
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FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries
Refer to the financial statements of Tootsie Roll Industries
Instructions
Answer the following questions.
(a) What were Tootsie Roll's total current liabilities at December 31, 2004? What was the
increase/decrease in Tootsie Roll's total current liabilities from the prior year?
(b) How much were the accounts payable at December 31, 2004?
(c) What were the components of total current liabilities on December 31, 2004 (other
than accounts payable already discussed above)?
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Solution Summary
The solution explains some caclulations relating to current liabilities.
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