Question

Go to the book’s companion website and use information found there to answer the following questions related to Cadbury and Nestlé.

Instructions
(a) Identify the changes in accounting policies reported by Cadbury during the 2 years covered by its income statements (2007–2008). Describe the nature of the change and the year of change.
(b) Identify the changes in accounting policies reported by Nestlé during the 2 years covered by its income statements (2007–2008). Describe the nature of the change and the year of change.
(c) For each change in accounting policy by Cadbury and Nestlé, identify, if possible, the cumulative effect of each change on prior years and the effect on operating results in the year of change.



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  • CreatedJune 17, 2013
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