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(a) What were Cadbury’s and Nestlé’s net revenues (sales) for the year 2008? Which company increased its revenues more (amounts and percentage) from 2007 to 2008?
(b) Are the revenue recognition policies of Cadbury and Nestlé similar? Explain.
(c) In which foreign countries (geographic areas) did Cadbury (see Note) and Nestlé experience significant revenues in 2008? Compare the amounts of foreign revenues to revenues in their home country for both Cadbury and Nestlé.
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Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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