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8. What report provides assurance that Starbucks Corporation’s financial statements are “fairly stated”?

a. Report of Independent Registered Public Accounting Firm on page 88

b. Report of Management on Internal Control over Financial Reporting on page 89

c. Report of Independent Registered Public Accounting Firm on page 90

9. Which of the following provide assurance that Starbucks Corporation’s system of internal controls is operating effectively?

a. Report of Independent Registered Public Accounting Firm on page 88

b. Report of Management on Internal Control over Financial Reporting on page 89

c. Report of Independent Registered Public Accounting Firm on page 90

10. Did Starbucks Corporation get an “unqualified” opinion on their financial statements?

a. Yes

b. No

11. When is Starbucks Corporation’s fiscal year end for 2015?

a. September 27th

b. September 28th

c. September 29th

d. December 31st

12. Which was NOT listed as a significant risk factor for the Starbucks Corporation in 2015?

a. High dependence on financial performance of the Americas operation segment.

b. Food-borne illness, food tampering and food contamination or mislabeling.

c. Intense competition in both channels and markets.

d. Failure to preserve value of the Starbucks brand.

e. All of the above are listed as significant risk factors.

13. Which of the following are NOT identified as Critical Accounting Policies in the 10K?

a. Revenue recognition

b. Property, plant and equipment and other finite-lived assets

c. Goodwill and indefinite-lived intangible assets

d. Income Taxes

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14. What format does Starbucks Corporation use for its income statement?

a. Multi-step

b. Single step

15. What is the Starbucks Corporation’s Gross Margin for 2015 (in millions)?

a. $11,375.2

b. $3601.0

c. $19,162.7

d. $2,757.4

16. Which of the following are NOT Other Comprehensive Income items for 2015?

a. Unrealized holding gains on available-for-sale securities

b. Unrealized gains on cash flow hedging instruments

c. Unrealized gains on net investment hedging instruments

d. Unrealized holding gains on trading securities

17. What is the numerator (in millions) for the calculation of the 2015 Basic EPS of $1.84?

a. $3601.0

b. $2,759.3

c. $3,903.0

d. $2,757.4

18. What is the denominator (in millions) for the calculation of the 2015 Basic EPS of $1.84?

a. 1,495.9

b. 1,498.5

c. 1,524.5

d. 1,506.3