My own draft of Boston Beer 7 Lion Brewery case study from "Cases in Financial Reporting" by Hirst McAnally

a.

Based solely on reading the background information on each company, I would expect the financial statements to differ in some fundamental ways. The background information for the Boston Beer Company, Inc. indicates that the are a fairly well position craft brewery, in fact according to the general statement they are the largest craft brewing company; selling a volume of beer in 1996 that is believed to be more than the next five largest craft brewers combined. Boston Beer seems to be very optimistic about their current market share and predicted growth, they appear to be focused almost exclusively on providing beer and ale products. In addition, Boston Beers seems to have one primary brewery that they manage somewhat hands-on, but overall their business model seems to involve ac...